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USA: Credit unions bank on sentiment to seek approval to hold crypto-assets
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ambcrypto.comBloomberg, in its latest report, has revealed that credit unions are seeking approval to hold crypto-assets directly.
The development follows last week’s announcement by the National Credit Union Administration (NCUA) to allow federally insured credit unions (FICUs) to partner with third-party digital asset service providers.
Highlighting certain conditions, the letter specified,
“This includes third-party provided services to allow FICU members to buy, sell, and hold uninsured digital assets with the third-party provider outside of the FICU. “
Ann Kossachev, Vice President of Regulatory Affairs for the National Association of Federally-Insured Credit Unions, noted in the report that her trade group is looking for explicit approval to offer
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