Federal Reserve Officials Banned From Owning Cryptocurrencies, Stocks After Public Outcry

Image source: Shutterstock. Article by Casey Wagner. Blockworks – February 18, 2022. 

• The new restrictions take effect May 1
• The Fed is mulling the creation of a central bank digital currency

As US regulators hone in on digital assets, senior Federal Reserve officials will no longer be allowed to trade individual cryptocurrencies.

On the heels of public pressure to reign in trading practices, the new Fed rules — first broached in October —  ban senior officials from purchasing individual stocks or sector funds, as well as from holding cryptocurrencies, commodities and foreign currencies. […]

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