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.)
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