World Crypto Global
- Written by: Crypto Breaking News
- Mon, 13 Mar 2023
- United Kingdom
Meanwhile, the Federal Reserve is giving out its one-year loans to banks, letting them pledge Treasuries and other high-quality assets at face value. So, if a bank needs cash quickly to pay for customer withdrawals, they won’t have to race out and sell their assets at a loss. The Fed isn’t funded by federal appropriations, [...] The post Is This a Crypto Banking Bailout? appeared first on Crypto Breaking News.
Is This a Crypto Banking Bailout?
Meanwhile, the Federal Reserve is giving out its one-year loans to banks, letting them pledge Treasuries and other high-quality assets at face value. So, if a bank needs cash quickly to pay for customer withdrawals, they won’t have to race out and sell their assets at a loss. The Fed isn’t funded by federal appropriations, so this program won’t directly come out of taxpayer pockets, either.
Source: CoinDesk
The post Is This a Crypto Banking Bailout? appeared first on Crypto Breaking News.
