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04.01 - 21:15
US Regulator Tells Credit Unions They Can Team Up with Crypto Firms
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America’s credit regulator, the National Credit Union Administration (NCUA) has told domestic credit unions that they can partner with third-party cryptoasset service providers to give their members access to crypto markets.
The NCUA outlined its stance on crypto in an open letter to unions, explaining that they could “buy, sell and hold various uninsured digital assets with [a] third-party provider outside of the federally insured credit unions.”
The body said that its move was intended to “provide clarity” to unions, and rather than actively encouraging such partnerships, it noted that it “does not prohibit [credit unions] from establishing these relationships.”
However, it also noted that unions will need to ensure their partnership deals
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