Credit Unions Reportedly Looking for Approval to Hold Crypto Assets

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The Street

By Rob Lenihan Credit unions would like to be able to offer crypto products and services directly in the same way that banks can, a trade group says Credit unions are looking for approval to hold digital assets directly after regulators said they can provide cryptocurrency services to customers by partnering with third parties. National Credit Union Administration said in a letter published last week that credit unions with federally insured deposits can team up with third-party crypto service providers to allow their members to buy, sell, and hold digital assets, Bloomberg reported, provided …

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