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The Daily Hodl 2023-05-16 00:04:14

Will US Government Freeze Bank Accounts Through Payments Network FedNow? Agency Responds to Criticism and Concern

Fed officials are addressing concerns that FedNow, the new instant payment infrastructure developed by the Federal Reserve, will allow the government to surveil and freeze Americans’ bank accounts. In a new fact checking report from the Associated Press, officials from the Federal Reserve say that the new service “does not give the agency additional surveillance The post Will US Government Freeze Bank Accounts Through Payments Network FedNow? Agency Responds to Criticism and Concern appeared first on The Daily Hodl .

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