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Texas to Allow State Banks to Hold Bitcoin

Texas to Allow State Banks to Hold Bitcoin – Decrypt

Texas lets its crypto flag fly. Image: Shutterstock The Texas Department of Banking today issued a notice confirming that state-chartered banks may store cryptocurrency on clients’ behalf, provided they have “adequate protocols in place” for complying with the law. Though that seems like a big victory for the state’s cryptocurrency firms and users, in the department’s view, nothing has really changed.