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Bitcoin Bitcoin Share: 59.93%
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Coin Edition
2023-04-26 13:05:00

NY Fed Adds New Policy Blocking Stablecoin Issuer Circle To Fed Program

NY Fed Adds New Policy Blocking Stablecoin Issuer Circle To Fed Program

On Wednesday, the Federal Reserve Bank of New York (NY Fed) changed its counterparty criteria for its reverse-repurchase program (RRP), potentially blocking stablecoin issuer Circle from accessing the program. The NY Fed announced that under the new rules, funds registered as “2a-7 funds” with the SEC and “organized for a single beneficial owner” will be The post NY Fed Adds New Policy Blocking Stablecoin Issuer Circle To Fed Program appeared first on Coin Edition .

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