Texas Announces State-Chartered Banks Can Provide Cryptocurrency Custody Services

Texas Announces State-Chartered Banks Can Provide Crypto Custody ServicesThe Texas Department of Banking has announced that state-chartered banks can provide cryptocurrency custody services. “The Texas Department of Banking believes that the authority to provide these services with respect to virtual currencies already exists,” the banking authority said. Texas State-Chartered Banks Officially Authorized to Offer Crypto Custody Services The Texas Department of Banking issued […]

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Hundreds of Banks in US to Allow Customers to Buy, Sell, Hold Bitcoin Through Existing Bank Accounts

Hundreds of Banks in US to Allow Customers to Buy, Sell, Hold Bitcoin Through Existing Bank AccountsHundreds of banks in the U.S. will reportedly start offering access to bitcoin to their customers this year, thanks to a partnership between Fidelity National Information Services and the New York Digital Investment Group. Hundreds of banks have enrolled to participate in the program as they see funds moving from bank accounts to crypto exchanges. […]

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Oldest US Bank BNY Mellon Sets Up Crypto Unit to Offer Bitcoin Services

Oldest US Bank BNY Mellon Sets Up Crypto Unit — Will Hold, Transfer, Issue Bitcoin for ClientsThe Bank of New York Mellon, BNY Mellon, has set up a digital asset unit. The oldest bank in the U.S. plans to “hold, transfer, and issue” bitcoin and other cryptocurrencies on behalf of its clients. The bank aims to eventually treat cryptocurrencies like any other assets. BNY Mellon Gets Into Crypto The oldest bank […]

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Italian Insurance Giant Generali Gets Into Bitcoin via Banking Arm, Launching Crypto Custody Service

Italian Bank Banca Generali Launching Crypto Custody ServiceBanca Generali, the banking arm of Italy’s largest insurance group, has announced that it will be offering cryptocurrency custody service to its customers beginning next year. To achieve this, the bank has acquired a stake in bitcoin wallet provider Conio. Assicurazioni Generali, Banca Generali, and Conio Bitcoin Wallet The banking arm of Italy’s largest insurance […]

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Standard Chartered to Launch Crypto Custody Service for Institutional Investors Next Year

Standard Chartered to Launch Crypto Custody Service for Institutional Investors Next YearSC Ventures, the innovation and ventures unit of Standard Chartered, will launch a crypto custody service targeting institutional investors in London next year. According to a Dec. 9 press statement, the British bank is partnering with U.S. wealth and asset management firm Northern Trust for the project. Together, they will launch a new business called […]

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