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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.
Oct. 04, 2022
ICBA is seeking submissions from volunteers to serve on a new Digital Assets Task Force to examine and deliberate issues related to central bank digital currency and digital assets, such as stablecoins.
Description: The task force will serve as a forum for discussions with bankers representing multiple expertise areas, such as safety and soundness, cybersecurity, and more. The group will help ICBA consider the effects of digital assets on community banks and inform ICBA’s Bank Operation and Payments Committee and Policy Development Committee.
Timeline: The task force will likely have multiple meetings over the course of the next few months; however, the exact schedule has not yet been determined. The Task Force is scheduled to complete its work before Dec. 31.