Sunday, December 4, 2022

US Virginia Senate allows state banks to offer crypto custody services By Cointelegraph

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The Senate of Virginia in the United States unanimously approved a bill amendment request that now allows traditional banks operating in the Commonwealth of Virginia to provide virtual currency custody services.

Delegate Christopher T. Head introduced the bill, House Bill No. 263, back in January 2022, seeking an amendment to allow eligible banks to offer crypto custody services:

Jean Nellie Liang speaking at Feb. 8 House Committee on Financial Services hearing