Virtual-currency custody services allowed to be offered and performed.

Summary

The law lets banking institutions and credit unions hold and manage customers' virtual currency and the private keys that control it, but only after giving the state banking commissioner advance notice and following strict safety, segregation and oversight rules. It expands crypto‑related services while protecting consumers and the financial system.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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