Traditional banks seek to slow down the process as cryptocurrency companies lobby for direct access to the Federal Reserve’s payment systems

The US banking sector has intensified its opposition to granting direct access to the Federal Reserve's payment systems to cryptocurrency and fintech firms. The Bank Policy Institute, Clearing House Association, and Financial Services Forum have submitted a joint comment letter to the Fed, arguing that these firms should be required to wait for...

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Canara Bank, established in July 1906 by Shri Ammembal Subba Rao Pai in Mangalore, Karnataka, is one of India's largest public sector banks. Nationalized in 1969, it has significantly expanded its operations, now serving over 116.5 million customers through nearly 10,000 branches and over 12,000 ATMs across India and abroad. The bank is recognized for its customer-centric approach and innovation, having introduced several pioneering services such as the Inter-City ATM Network and exclusive banking branches for women. With a strong commitment to social responsibility and rural development, Canara Bank has evolved into a major financial conglomerate with numerous subsidiaries and a diverse range of banking products and services.

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