Virginia has added a bill allowing banks in the state to provide storage services for “virtual currency.” It was approved by Governor Glenn Youngkin on Monday.
The law will take effect July 1. It will essentially allow banks in Virginia to keep keys to customers’ cryptocurrencies.
In order to provide this service, banks will have to carefully consider the risks.
The bill passed the House of Delegates and Senate unanimously.
Holpop News
Holpop News
Banks in Virginia allowed to keep cryptocurrency
posted on April 14, 2022 by holpop in Blockchain
