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The payments landscape for community banks is changing rapidly as traditional payments converge with new instant payment systems and emerging cryptocurrencies. It is critical for Community Banks to maintain awareness of developments in the payments space to assess new opportunities, mitigate risks, and ensure that their payment strategy aligns with overall business plans.
May 18, 2021
The FDIC requested comments within 60 days about insured depository institutions’ current and potential digital asset activities.
Details: The agency said the request for information will help inform its understanding of industry and consumer interests in this area given that banks are increasingly exploring digital assets.
More: ICBA’s Crypto Chronicles series on its Main Street Matters blog offers community bank-focused cryptocurrency information and developments.