“Responsible Development of Digital Assets”: Biden’s Executive Order Unpacked
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[ad_1] Bitcoin’s latest rally saw it diverge further from the equity market. While stock markets slumped further on news that the United States will ban Russian oil, the world’s largest cryptocurrency rallied more than 6% to break above $41,000.
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[ad_1] Virginia’s Senate on Friday unanimously approved a bill that will allow banks in the state to provide crypto custody services, granted they have enough resources to manage the associated risk. The bill will go into effect once it is signed by Governor of Virginia Glenn Youngkin. The bill effectively allows banks to be able to hold wallet keys for customers, and is geared more towards institutional investors with large crypto holdings.
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