news

bitcoin

1 X bitcoin bitcoin =

Wednesday

23 June 2021

Texas Banks Can Now Store Bitcoin for Clients | Crypto Briefing

Texas Banks Can Now Store Bitcoin for Clients | Crypto Briefing


smart summary beta

The Texas Department of Banking has confirmed that state-licensed banks can offer cryptocurrency custody services to clients.

In a Thursday notice, the banking regulator announced that state-chartered in Texas are now permitted to provide custody services on cryptocurrency investments under the Texas Finance Code § 32.001.

In the notice, Texas Department of Banking pointed out that the custody of crypto assets differs from traditional assets like paper certificates of stock and bonds.

The bank regulator added that that the provision of custody services on cryptocurrency would only be allowed if banks have “adequate protocols in place to effectively manage the risks and comply with applicable law.”.

Goto Full Article

bitcoin bitcoin price

$34064.00

24h

Live Average

bitcoin

News Article Sentiment

positive

Score (0)

Article Metadata

author

site

cryptobriefing.com
Market data feeds provided by cryptocompare.com
bitsmart 2021