Digital assets RFI carries Sept. 27 comment deadline

Input from the public on the impacts of activities connected to digital assets and related technologies on federally insured credit unions, other entities, and the federal credit union regulator is due to the agency Sept. 27, according to a notice in Tuesday’s Federal Register.

The request for information (RFI), issued last Thursday by the National Credit Union Administration (NCUA) Board, highlights the agency’s interest in the impacts of distributed ledger technology (DLT, such as blockchain) and decentralized finance (DeFi).

The RFI poses more than two dozen questions over five subject areas: the use of DLT and DeFi applications within the credit union system; development of such projects with third-party relationships or credit union service organizations (CUSOs); risk and compliance management; supervision, including whether and how regulation should be revised to address such activities; and share insurance and resolution – including, among other things, how to distinguish between uninsured digital assets and insured shares.

Reg lookup: Request for Information and Comment on Digital Assets and Related Technologies