Texas Banks To Provide Crypto Banking Services

Texas banks will soon provide cryptocurrency banking services. The Texas Department of Banking announced Thursday that state-chartered banks are authorized to provide custody or safekeeping services for virtual currencies such as Bitcoin, Litecoin, or Ethereum. The announcement precedes Gov. Greg Abbott's signing of a bill that will recognize the legality of virtual currencies. Under the new law, Texas will become the second state after Wyoming to recognize cryptocurrency and blockchain.


Sponsored Content

Sponsored Content