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Texas says state-backed banks can offer custody services for bitcoin as long as they have the proper tools to manage risk

1 day ago   |   By Business Insider

SOPA Images/Getty Images
The Texas Department of Banking greenlighted state-chartered banks to custody crypto assets in a notice on Thursday.
Banks may custody crypto services as long as they effectively manage the risks, the department said.
It's the latest crypto-friendly move out of the state.
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The Texas Department of Banking greenlighted state-chartered banks to offer custody for crypto assets in a notice on Thursday. The notice affirms that banks may provide customers with virtual currency custody services as...
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