fintech / news / / CoinGape
Minnesota-based banks and credit unions will soon be allowed to provide crypto custody services.
Minnesota banks and credit unions can provide crypto custody services starting August 1 under new law.
KEY POINTS
- The law allows institutions to partner with third-party custodians without mixing customers’ assets with their own.
- A separate bill signed in May bans all digital asset kiosks and ATMs in Minnesota.
- Financial institutions must legally separate customer crypto funds from their institutional balance sheets.
COMPANIES
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