Coinbase Urges Fed to Modernize US Payments to Match European Standards

Coinbase, the largest US-based crypto exchange, is backing a Federal Reserve proposal to grant non-bank financial institutions access to specialized payment accounts.

The San Francisco-based exchange submitted a letter to the U.S. central bank advocating for special-purpose Reserve Bank payment accounts. It argued that these accounts are vital for modernizing the nation’s domestic financial infrastructure.

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Coinbase Challenges Fed Over ‘Restrictive’ Terms for Payment…