US regulators: Encrypting money will provide opportunities for both credit and risk


nnThe US Federal Agency, which oversees the US credit union industry, yesterday released a draft 2018-2022 strategic plan, which focuses on shaping the economic trends of US credit unions and the possible implications of policy implications, and talking about the possible The existence of the risks and advantages. The draft text says that the potential for widespread use of encrypted money is considered to be one of the technical factors driving the way credit firms are changing their business, but for the credit union industry, challenges and opportunities coexist.n
nTranslation: Clovern
The US federal agency, which oversees the US credit union industry, has commented on the possible risks and advantages of the encrypted currency in the newly released strategic plan.n
The draft 2018-2020 strategic plan was released yesterday, which focuses on the economic trends that shape American credit unions and the possible implications of policy implications. “There is a growing use of financial technology, which means that” credit cooperatives may face a series of challenges in companies that are promoting products and services in this area. “n
According to the draft text, the potential for widespread use of encrypted money is considered to be one of the technical factors driving the way in which credit firms are changing their business.n
The author of the report said:n
n”The emergence and increasing importance of the digital currency predicted by many analysts may bring risks and opportunities to consumers, credit unions, banks and financial regulators at the same time.” The authors later added: “These trends will continue To 2022, and even to accelerate development. “n
nAlthough the draft did not mention, but some of the US credit cooperatives have turned to explore how such as Bitcoin such encryption currency technology applied to their own business.n
Last year, a group of organizations announced the launch of the CU Ledger project, which aims to build new services based on the technology. And last month, more than 50 federation of credit unions revealed that they plan to create a credit cooperatives – CUSO, and have been looking for investors for the project.n

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