Texas tildeler statscharterede banker til at indeholde krypto som gyldigt finansielt aktiv

The Texas regulatory body has issued an order for the state-chartered banks to preserve crypto and Bitcoin assets under their custody.

The process to recognize crypto investments as legal digital currency under commercial law was passed in the state last month. Texas has been growing exponentially well in the proceedings of crypto and bitcoin which has accelerated the judgment of Texas banking authorities in legalizing the crypto transactions as a legitimate and fair way to trade.

Texas Department torsdag udstedt en erklæring, der meddeler, at de lokale banker nu har fået tilladelse til at acceptere og handle Bitcoin tjenester i staten.

Texas State Chartered Banks to Store Cryptocurrency Services

Texas regulerende myndigheder har også nævnt hvordan cryptocurrencies har ingen fysisk form, der understreger muligheden for, at valutaen bliver lagret i form af blockchain-data. Denne blockchain vil bestå af en unik datakode eller private nøgler, der yderligere vil give adgang til ejeren.

The authorities have clarified how the banks will act as a custodian of the crypto services and assist the customers in storing the digital currency on their behalf. The customers willing to submit their Bitcoin transactions for custody will be required to provide a copy of their private keys to the banks or the banks will also prepare new keys to keep track of bitcoin dealings.

The banks will provide complete custody access to the crypto users by offering them various storage options segregated in terms of security and accessibility levels to keep the investors safe from any impending financial hazard.

Texas Passes a Bill on Legalizing Crypto Services under Commercial Law

The notice has appeared after the Texas regulatory body had recently passed a new bill consenting the crypto proceedings to be recognized under the State’s commercial law. Other states of the USA such as Wyoming and Nebraska have also been quite candid about embracing bitcoin as the new digital revolution.

The Federal-chartered banks have also obtained the necessary authorization to provide crypto custody to their consumers and clients.

The banks will also confirm the level of acceptable coverage with the insurance carrier as an active estimate to protect the existing crypto holdings in their custody. The agency further stated that they will provide custody services to their clients after ensuring that the banks have sufficient protocols in place to effectively manage the growing crypto transactions and established governmental guidelines to minimize the risks involved.

Altcoin News, Bitcoin News, Cryptocurrency nyheder, Nyheder

Juhi Mirza er en arkæologisk major, der er besat af blockchain / Crypto-teknologi og anser det for at være fremtidens grundlæggende filosofi. Hendes hårde evne til at forske i og krystallisere tekniske fakta / flere perspektiver til fascinerende historier gør hende til en tilgængelig finansforfatter. Hun har tendens til sine arkæologiske sysler og elsker at grave fortiden i weekenden.

Kilde: http://feedproxy.google.com/~r/coinspeaker/~3/UBJNPPnAG0Q/