NCUA extends comment period on use of digital assets by federally insured credit unions – Technology

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United States: NCUA Extends Commentary On Use Of Digital Assets By Federally Insured Credit Unions

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National Credit Union Administration (“NCUA”) Board of Directors Extended Comment Period on Impact of Digital Assets and Related Technologies on Federally Insured Credit Unions, Related Entities, and NCUA . The comment period has been extended from September 27, 2021 to October 27, 2021.

As previously stated, the NCUA has prompted market participants to consider 26 issues regarding (i) the use of digital assets in the marketplace, (ii) operations, (iii) risk and compliance management, (iv ) supervision and (v) assurance and resolution of actions.

Primary sources

  1. Federal registry: request for information and comments on digital assets and related technologies

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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