Fed integrates crypto banking oversight into standard regulatory processes, ends additional scrutiny

The Federal Reserve (Fed) announced it will shut down its program with additional scrutiny over crypto and fintech activities. On an August 15 statement, the central bank said it will sunset the Novel Activities Supervision Program and return to monitoring banks’ crypto and fintech activities through standard supervisory processes. source: https://cryptoslate.com/fed-integrates-crypto-banking-oversight-into-standard-regulatory-processes-ends-additional-scrutiny/