Coinbase Urges Fed to Modernize US Payments to Match European Standards

Coinbase, the largest US-based crypto exchange, is backing a Federal Reserve proposal to grant non-bank financial institutions access to specialized payment accounts. The San Francisco-based exchange submitted a letter to the U. S. central bank advocating for special-purpose Reserve Bank payment accounts source: https://beincrypto.com/coinbase-pushes-feds-to-open-payment/