The Federal Reserve (Fed) on Wednesday issued a proposed rulemaking notice and invited public comments, suggesting the creation of restrictive 'skinny master accounts' for fintech and crypto-related banks that meet legal conditions. The proposal aims to provide non-bank financial institutions with limited access to payment pathways. However, these accounts will not enjoy the backing traditional banks have, with functions limited to clearing and settlement. They will not earn interest or have access to central bank tools like the discount window or intraday credit. (Cointelegraph) https://www.(wublock123.com)/news/news-61455