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Texas Department of Banking Special Audits Division Death Maturity Form

Texas Department of Banking Special Audits Division Death Maturity Form

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texas clarifies that state chartered banks can custody bitcoin the texas department of banking has released a notice affirming that state chartered banks can offer bitcoin custody solutions to customers so long as the bank has specific protocols in place to manage risk and comply with the law the authority to provide these services already existed under the texas finance code the notice states that banks can choose the specific custody and storage solutions they want to offer their customers depending on what best fits the bank's expertise risk appetite and business model when it comes to custody solutions the notice mentions two example scenarios for instance the bank may choose to allow the customer to retain direct control over their own virtual currency and merely store copies of the customer's private keys associated with that virtual currency the notice affirms alternatively the bank may cause the customer to transfer their virtual currency directly to the control

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