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US Federal Reserve bans employees from trading stocks and crypto

US Federal Reserve
The US Federal Reserve announced new rules banning its employees from trading stocks, bonds, and cryptocurrencies, and these restrictions were first announced yesterday, Friday, during the month of October 2021, but the previous announcement did not include a ban on cryptocurrencies.
The policy-making body within the Fed said that most of the restrictions will take effect on May 1, 2022, and the Fed expects that additional employees will become subject to all or parts of these rules after completing further review and analysis.
The ban on trading or owning cryptocurrencies such as Bitcoin, which was not covered by the first announcement, will still have 12 months for officials who still hold market positions to relinquish the prohibited positions, and new Federal Reserve officials will have 6 months to do so.
Going forward, employees covered by the new rules must provide 45 days' notice before making any permitted asset purchases, after which they will have to hold these positions for at least a year.
In the same context, employees of the Federal Reserve will be prohibited from trading commodities, foreign exchange, sectoral index funds, derivatives, short positions, and agency securities, or using margin debt to purchase assets.

How do I buy stocks easily?

Register for the world's most powerful stock and return fund trading platform "Interactive Brokers", an American platform, from here.

How do I buy cryptocurrencies easily?

You can easily buy cryptocurrencies through the following platforms:
  1. Binance platform link here.
  2. BitMart platform link here.
  3. KuCoin platform link here.
  4. BitHot platform link here.
  5. platform link here.
  6. OKX platform link here.
باحث اقتصادي هدفي إنشاء موسوعة عن الدول العربية توضح جوانب القوة في كل دولة، واتمني أن يأتي اليوم الذي يتحد فيه العرب لتعم الفائدة علي كل الشعوب.


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