Up until now, American financial institutions that wanted to conduct both crypto transactions and traditional banking services have had to pick a lane. That may soon change. The Federal Reserve released formal guidelines this afternoon to oversee the process by which “institutions offering new types of financial products or with novel charters” could be granted so-called “master accounts,” a key financial status that allows for direct payments with, and access to, the Fed. All federally-chartered banks possess a master account. On this episode, we’ll explain what this all means for crypto adoption as well as dive into recent crypto exchange chaos that continues to ravage sentiment on centralized crypto custody exchanges.
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#crypto #bitcoin #cryptocurrency
~FED Releases Crypto Banking Guidelines | Institutional Regulation Coming Soon?~
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36 Comments
Absolutely great! PBN is providing the best content!
Thanks Paul! 🙏🏼
U know why it's taking them a real long time to complete the regulations because, since they first are working on the trap; as usual they have to make sure that they have everything covered so that they don't fall into it themselves and that all of their associates give them all the the faults that are covered on all those businesses they all have and THEENN; is when they are going to start working on T H E REGULATIONS. The ones that they really want for the rest of US!!! Thanks!👹👾🙊🙉🙈😡
Regulation = traditional finance control
People need to realize that everything needs regulation. BTC wasn't regulated because it was a "feeler" idea that was closely monitored by the gov. It's a gov coin. Why do you think it was portrayed to be used on the dark web. I was being watched. And, why do you think tornado was squashed immediately? It's not a gov coin. Once there's regulation, it'll be hard to get rid of. Simple. That's why we need regulation now!!!
it's over
Get the scammers outta here. I deleted/reported 5-6 comments on here. This is no place for scammers, only true coiners
this will push btc to 300K!!! and eth 400K LFG! 🙂
Small.amount of cheese i Hve 100k in voyager and celcius….not small to me
Thanks for the content. Your point about banks subject to Wyoming state regulation can and should be generalized. I.e., the guidelines likely are inapplicable to most state chartered banks, unless they are already members of the Fed Reserve system. What I think you missed is that federally recognized tribes can charter crypto banks headquartered on-reservation under treaties and case law. To the extent tribes do get involved, they would be well advised to charter a crypto bank as a tribal enterprise. It's essential that the entity providing the financial services under tribal contract be, say, a federally chartered credit union with a long term nexus to the tribe. As far as the Board of Gov's "supervisory letter," it says that banks engaging in crypto related activities are responsible for "determining whether any regulatory filings are required." This doesn't pass the straight face test. The Fed knows full well the SEC has made it IMPOSSIBLE AND RISKY to determine what filings are required.
I really believed I was gonna get a lot from crypto profits this season, made over $300,000 from the drop and rising NFT and Luna and more the new wins
Most thumbed up comment is a scam lol this channel is sus
As soon as banks get a hold of crypto, it will be the exact moment retail loses forever!!!… the banks will get all the interest and give the people 1%…. Banks will pocket it all and get rich and the people will be slaves again to the system… people will have ton of crypto and still need to go to work 2 jobs. The wealthy will have private investors like Black Rock get crazy 12-20% interest, again making the rich richer. And the poor poorer… it’s all why they doing it
good, if only i could find a stranger in the comments section to send my $$ to so they can make me more $$ and send it back!
Where can I find that chart around 4min,, explaining the federal reserve structure
Barron team? Also is it on 💎 group I just haven't seen it yet?
excellent points made about regulations the bad the ugly and the positives!!!
Could the Norwegian Dev from Tornedo been jailed to show us that devs that invent a possible money laundering facet will not be tolerated. Like someone creating a bomb?
Question can the hack I had be used for a loss on taxes?
I just hope they don’t ruin it. I’m hoping whatever I’ve done or accumulated gets grandfathered. It’s like the people built this thing and the rich will just take it by buying laws.
You fixed your hair today
Nice content You have here on this channel, I've been following your videos,but still I don't have a knowledge on how to trade.
Bitcoin and Ethereum will be past over at some point.
please cover kda paul. it is gonna beat btc in 5 years!!!
why does everyone including paul pretend they are so fascinated in the crypto technology when really all they care about is if the price goes up of the tokens they hold. peter schiff is right, the bubble has popped, that double top in 2021 and the logarithmic regression bands tightening doesnt show bitcoin going to new highs….its going to fall back below the 200w sma and start dropping like a stone
Thank Sir 👍😊
soooo many bots in here
No regulation is good regulation the government is completely illegitimate out of control and criminal. People cheerleading the regulation and adoption of this technology are cheerleading the end of freedom for humanity worldwide. Everyday we are closer to a world currency tied to your social credit score and owning nothing and being happy. The onll L y hope we have is that when the US collapses into the third world they lose their mafia grip on the world and the people recognize that the WEF and the likes are their enemy and they refuse to allow UN control then we truly become a sovereign nation state and are allowed to control our own resources and businesses without the stranglehold of our government trying to destroy us
I think its extremely irresponsible of you to shill bybit leverage trading during current times.
As MWEB goes live 🕷 front running could accelerate the next Bitcoin bull run.⛹️♀️🏃🏾♀️
2023 Litecoin mining reward halving closer by the day ⏱ 2015 and 2019 halvings saw big price rises for Litecoin, then Bitcoin. 🌪
I am staggered; the fed this the fed that ; they are criminals / joined; run buy the cabal to control every one and every thing; now black rock and coinbase; just as well as there is a big wide world out here; you americans still think like the old days nothing else exists except america well things are changing; the only thing we cryptoknights need is to on/ off ramp the rest can go…….hope fully the block chain will control all the corruption and btc will store some wealth i pray….
Feds will be upset they think everybody in cryptos a millionaire or a billionaire they're so silly they're going to have more paperwork than what they want LOL they're going to crumble
These days are not yet to come put if only we could have Paul on CNN or Fox economic showtime we would be heading to brighters days with people so much more educated on what going on behind the scene and their regular fiat bank account and investments. May these days become reality one day, and sooner the better 🙏 Go Paul 💪!
Excellent breakdown! Thank you.
Brokerages cannot be trusted. Exchanges cannot be trusted. Unfortunately, our government and federal oversight agencies have more transparency and accountability than crypto lending and trading platforms
💯💯💯👍
Very interesting Paul, seeing some get jailed and some get off with no penalty at all, does indeed point to an agenda