A decree was signed on the integration of digital assets into the payment system
The United States Federal Reserve System has introduced a new initiative to issue simplified master accounts, refining a proposal announced at the end of last year. This was reported by Zamin.uz.
At the same time, President Donald Trump signed a significant executive order aimed at further integrating digital assets into the nation’s existing payment infrastructure. These steps are expected to substantially accelerate the entry of the cryptocurrency industry into the federal financial system.
This development has been widely covered by influential publications. The executive orders signed by Donald Trump task the government with reviewing and updating existing regulations and facilitating the seamless integration of digital currencies into everyday payment systems.
payment systems. Additionally, the Treasury Department and relevant oversight agencies have been directed to strengthen examinations under the Bank Secrecy Act. These strict and will help effectively combat illicit cross-border financial activities and tax evasion schemes.
The revised proposal from the Federal Reserve creates an opportunity for financial technology firms and crypto-companies to access the central bank’s payment infrastructure without needing to hold a full banking license. The document outlines the conditions and procedures for such entities to gain access to government payment systems.
However, experts emphasize that for this process to be fully and legally implemented, the U.S. Congress may need to establish the appropriate legal framework and introduce legislative amendments. Under the new framework, regulators are expected to reassess existing rules that currently limit collaboration between modern technology firms and traditional financial institutions.
Member banks of the Federal Reserve System are also evaluating, on a case-by-case basis, the possibility of independently offering master accounts to uninsured depository institutions. Such changes are anticipated to serve as a pivotal turning point in strengthening the connection between digital assets and the traditional economy, and in advancing the financial system to a new stage.
