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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. 17, 2023
A new ICBA blog post recaps the significant upheaval in the digital assets market over the past year and what it means for Washington’s response.
Details: In Main Street Matters, ICBA Senior Vice President of Digital Assets and Innovation Policy Brian Laverdure recaps a series of crypto collapses, the industry’s struggle with price declines, its role in cybercrime, and what these trends mean for crypto policy.
ICBA View: “ICBA recognizes the serious threat that crypto cybercrime poses, and that is why we continue to urge policymakers to focus on these concerns first and foremost,” Laverdure writes.
Background: ICBA has repeatedly called on policymakers to ensure new policies directed at the crypto sector fully reflect its risks and to prioritize research on the specific effects of digital assets on community banks and their customers.