The Senate of the US state of Virginia will allow crypto custody if banks in the state have sufficient resources to manage risk.
The bill, which was unanimously approved by the Senate on March 4 of the state of Virginia, was signed by Virginia Governor Glenn Youngkin. will come into effect.
Draft bill, wallets for customers of banks to create and It allows him to keep his keys. In particular, the bill major crypto asset It is reportedly designed for investors with
Cryptocurrency custody service is different from a regular wallet and usually to institutional investors oriented. Coinbase currently stands as one of the largest companies in this space. However, the fact that a branch of the state should undertake such a task can increase competition in the industry. is being considered.
Last month, another US state, Colaroda, announced that it will start accepting bitcoin and some cryptocurrencies as tax payments. is the first state had announced.
After the development in the crypto money market in 2021, many countries want to regulate crypto money. National State Legislature Conference, 33 countries To regulate cryptocurrencies in 2021 made a law stated.
The states of Wyoming and Arizona are exempt from transactions made from cryptocurrencies. bill for taxation suggested. Also, Arizona has bitcoin in the state. be legal tender There is a bill that provides