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NCUA Says CUs Can Partner with Crypto Firms

Authored By: Lewis Wood on 12/16/2021

In a letter published this week, the National Credit Union Administration said that credit unions with federally insured deposits can partner with third-party providers that offer digital asset services to their members, provided certain conditions are met, Bloomberg News reported. This includes facilitating member relationships with third parties that allow members to buy, sell, and hold various uninsured digital assets.

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