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Summary:

�౦��Ϸ���� issued a Request for Information (RFI) seeking information and comments regarding insured depository institutions’ (IDIs’) current and potential digital assets activities.

Statement of Applicability: This Financial Institution Letter (FIL) applies to all �౦��Ϸ����-supervised financial institutions

Highlights:

• The �౦��Ϸ���� is gathering information and soliciting comments regarding IDIs’ current and potential digital asset use cases involving IDIs and their affiliates.

• Banks are increasingly exploring several roles in the emerging digital asset ecosystem, and consumers are beginning to seek access to digital assets products and services, such as being custodians, reserve holders, issuers, and exchange or redemption agents; performing node functions; and holding digital asset issuers’ money deposits.

• The �౦��Ϸ���� recognizes there are novel and unique considerations related to digital assets. This RFI is intended to help inform the �౦��Ϸ����’s understanding and any potential policymaking in this area.

• The �౦��Ϸ���� requests that comments be submitted by July 16, 2021.

• Part 362 of the �౦��Ϸ����’s Rules and Regulations may apply to certain digital asset activities or investments. �౦��Ϸ����-supervised institutions are encouraged to engage in discussions with �౦��Ϸ���� supervisors, as appropriate, before engaging in such activities or investments.

Distribution:

�౦��Ϸ����-Supervised Institutions

Suggested Routing:

Chief Executive Officer
Chief Risk Officer
Compliance Officer
Chief Technology Officer

Additional Related Topics:

• Risk Management
• Consumer Protection
• 12 C.F.R. Part 362, subpart A
• FIL-54-2014