Banks Protest Crypto Firms’ Claim to Federal Reserve Payments Systems

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Banks Protest Crypto Firms’ Claim to Federal Reserve Payments Systems

Crypto businesses are seeking access to the US Federal Reserve’s (FED) payments systems that legacy finance institutions use to move money around swiftly. However, in a bid to protect their privileged position in the US financial system, banks are protesting against providing crypto companies with such access.
Some of the major crypto firms that aim to gain a foothold
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