State-chartered banks in Texas have been given the green light to custody crypto assets on behalf of their customers, a state regulator has announced.
The guidance is not representative of new law, but an affirmation that state-chartered banks are allowed to provide crypto custody services as long as there are adequate protocols in place and the banks are complying with existing legal frameworks, according to a June 10 notice posted on the Texas Department of Banking’s website.
(Full story here.)
--------------------------------------------------
** We are dedicated to bringing you Texas Politics, 365 days a year! Tips? texaspolitics365@gmail.com
Advertisement
For advertising opportunities, email us.
.webp)
No comments:
Post a Comment