Not the main account, but sufficient. The compliance puzzle of encrypted payments has been completed with another piece.

Crypto World News reports that the Federal Reserve (Fed) has proposed a special limited payment account designed for crypto companies. In a statement on Wednesday, the Fed said these accounts will allow companies with diverse business models to settle and make payments to improve speed and reduce costs, but they do not have the status of a main account. The Fed issued a request for information last December to begin developing this concept and set an initial 45-day comment period. The proposed accounts will be open for a 60-day comment period. The Fed also stated that consideration of certain applications will be paused until the new rules are finalized.