CryptocurrencyTexas State-Chartered Banks Can Custody Bitcoin

Texas State-Chartered Banks Can Custody Bitcoin



The Texas Department of Banking has released a notice affirming that state-chartered banks can offer bitcoin custody solutions to customers, so long as the bank has specific protocols in place to manage risk and comply with the law. The authority to provide these services already existed under the Texas Finance Code.

The notice states that banks can choose the specific custody and storage solutions they want to offer their customers depending on what best fits the bank’s expertise, risk appetite and business model. When it comes to custody solutions, the notice mentions two example scenarios.



Source link

Latest News

RTO mandates won’t solve your employee engagement problems

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms...

Crypto community mulls ‘social layer’ solution to memecoin problem

Crypto trader Jordan Fish said a social layer might not work as there’s no way to “effectively socially...

Trump’s risible ‘reciprocal’ tariffs

This article is an on-site version of our Trade Secrets newsletter. Premium subscribers can sign up here to...

Sources: Tesla is bracing for a delay in Chinese approval for FSD, despite an earlier sign it would come in Q2; China is weighing...

Financial Times: Sources: Tesla is bracing for a delay in Chinese approval for FSD, despite an earlier sign...

Jamie Raskin Gives The Best Description Of Trump Corruption You’ll Hear

The Daily is independent, unwavering, ad-free, and solely supported by readers. Please consider supporting us by becoming a...

Must Read

- Advertisement -

You might also likeRELATED
Recommended to you