{"id":2199,"date":"2021-06-10T23:50:34","date_gmt":"2021-06-10T23:50:34","guid":{"rendered":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/?p=2199"},"modified":"2021-06-10T23:50:34","modified_gmt":"2021-06-10T23:50:34","slug":"crypto-currency-storage-in-texas","status":"publish","type":"post","link":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/crypto-currency-storage-in-texas\/","title":{"rendered":"Crypto Currency Storage in Texas"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">What&#8217;s happening? On Thursday June 10, 2021 the Texas Department of Banking issued an industry notice &#8220;that Texas state-chartered banks may provide customers with virtual currency custody services, so long as the bank has adequate protocols in place to effectively manage the risks and comply with applicable law.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Why is this important? Custody of virtual currency is growing practical and policy issue. Especially securing storage when servers go offline.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">How will this be important? We have to think that the state regulatory action begets statutory changes in Texas and in other states.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.dallasnews.com\/business\/banking\/2021\/06\/10\/cryptocurrency-wins-votes-of-confidence-from-gov-abbott-texas-department-of-banking\/?utm_source=Newsletter&amp;utm_medium=email&amp;utm_content=Dallas+ISD+could+be+first+major+district+to+ban+suspensions%2C+VP+Harris+to+visit+Texas+next+week%2C+Fair+Park+arrests%3A+Your+Thursday+evening+roundup&amp;utm_campaign=EveningRoundup_06102021&amp;vgo_ee=TR%2F8fjOHaNo4SX%2BEZlL5vuzgkeTIo1I0tW9mdq%2FIj9A%3D\">Dallas Morning News | Cryptocurrency wins votes of confidence from Gov. Abbott, Texas Department of Banking<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.dob.texas.gov\/sites\/default\/files\/files\/news\/Industrynotices\/in2021-03.pdf\">Texas Department of Banking Industry Notice on Cryptocurrency Custody<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What&#8217;s happening? On Thursday June 10, 2021 the Texas Department of Banking issued an industry notice &#8220;that Texas state-chartered banks may provide customers with virtual currency custody services, so long as the bank has adequate protocols in place to effectively manage the risks and comply with applicable law.&#8221; Why is this important? Custody of virtual [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2199","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/2199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/comments?post=2199"}],"version-history":[{"count":1,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/2199\/revisions"}],"predecessor-version":[{"id":2200,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/2199\/revisions\/2200"}],"wp:attachment":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/media?parent=2199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/categories?post=2199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/tags?post=2199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}