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25 June 2021

Texas regulator allows state-chartered banks to hold Bitcoin

Texas regulator allows state-chartered banks to hold Bitcoin


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The agency noted that Texas banks “may provide customers with virtual currency custody services, so long as the bank has adequate protocols in place to effectively manage the risks and comply with applicable law.”.

Other jurisdictions in the United States like Wyoming and Nebraska have been actively embracing crypto custody services by state-chartered banks, with Wyoming chartering Kraken exchange as its first crypto bank last September

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cointelegraph.com
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