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Michael Barr: Federal Reserve remains neutral on cryptocurrency debanking

Federal Reserve Vice Chairman Michael Barr responded to claims that the crypto industry was excluded from banking and said the central bank had not stopped the industry’s development. He said the Federal Reserve’s position is to remain neutral and provide clear guidance and frameworks for banks willing to engage in such activities to do so in an appropriate manner. Barr emphasized that the Federal Reserve would neither force banks to engage in such activities nor prohibit them from doing so.(TheBlock)

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