Texas Greenlights State-Chartered Banks To Hold Crypto

The mass adoption of digital assets is going great. This has been one of the main goals that the crypto industry has these days and things could not go better.

The Block Crypto notes that in a June 10 notice, the Texas Department of Banking gave state-chartered banks the go-ahead to custody crypto assets.

The notice reveals that standard risk-based assessments by the banks themselves are adequate to provide cryptocurrency custody.

The Department of Banking wrote:

“What virtual currency custody services a bank chooses to offer will depend on the bank’s expertise, risk appetite, and business model. For instance, the bank may choose to allow the customer to retain direct control over their own virtual currency and merely store copies of the customer’s private keys associated with that virtual currency. Alternatively, the bank may cause the customer to transfer their virtual currency directly to the control of the bank, creating new private keys that are then held by the bank on behalf of the customer.”

We suggest that you check out the complete article in order to learn all the available details about the issue.

Bitcoin adoption explodes in Latin America

Recently we’ve been revealing that el Salvador helped create a historic day for humanity. Check out Anthony Pompliano’s tweets.

He also tweeted this:

Latin American leaders are gearing up to boost Bitcoin.

Regaring Bitcoin’s price today, at the moment of writing this article, BTC is trading in the green and the king coin is pirced at $37,330.21. Stay tuned for more news and keep your eyes peeled on the crypto market.

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An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.