The National Credit Union Administration has proposed a licensing framework for credit union stablecoin issuance. The framework would require credit unions to obtain a specific license and outline basic rules for issuing stablecoins.
NS3.AI reports that the framework stipulates issuance must be conducted under this licensing regime. The proposed framework signals a tightening of regulatory oversight for credit unions considering digital currency programs.
If adopted, the framework could shape supervisory expectations and impact how credit unions pursue stablecoin offerings. It underscores the broader regulatory focus on digital assets within the financial sector.
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