Virginia Banks Are All Set to Provide Crypto Services
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The line between banks and crypto is becoming a lot thinner thanks to republican politicians in Virginia. A new amendment will be signed into law by the state’s conservative governor Glenn Youngkin…
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Virginia has become the latest state to pass a crypto-friendly bill. The bill, which was passed unanimously by the Senate and the House of Representatives of Virginia, would now allow traditional... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go…
A bill passed in the Virginian Senate allows banks to offer custodial services for bitcoin in either a fiduciary or non-fiduciary capacity once signed into law. The Senate of the Commonwealth of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]…
Banks would be allowed to hold 2% of capital in bitcoin, but required to have one euro in capital for every euro in cryptocurrency held. European Union lawmakers have voted to impose strict capital requirements on banks that hold cryptocurrencies, per a Reuters article. In an effort to “prevent instability…