American U.S. Bank has announced the launching of a cryptocurrency service
The decision was based on increasing demand for a new type of assets from the bank's clients
06.10.2021 - 09:25
142
1 min
0
What's new? According to the CNBC, one of the largest American banks plans to offer its clients a custodial service for working with digital assets. This is in reference to the financial institution U.S. Bank.
What services will the bank provide? The main service will include storing private keys for such cryptocurrency wallets as: Bitcoin, Litecoin and Bitcoin Cash. Support for Ethereum and a number of other cryptocurrencies is expected over time.
U.S. Bank will conduct a complex check of the funds’ origin before giving its users access to the service. Furthermore, customer identification procedures and measures to counter money laundering and terrorist financing (KYC and AML) will be introduced.
Useful material?
Telegram 
Twitter Crypto regulations
If approved by the European Parliament and the European Council, the new rules will affect all firms and may come into force on January 1, 2026
Dec 8, 2022
Market
The main reason is the depegging of the USDN stablecoin, backed by the altcoin, from the dollar
Dec 8, 2022
Market
The expert expects the rally of the first cryptocurrency in 2024
Dec 8, 2022
Market
The platform generated about $7 billion in revenue in 2021
Dec 8, 2022
Mining
Now it is possible to buy electricity from the common energy system only if there is a surplus and exclusively through the KOREM exchange
Dec 7, 2022
Market
The expert said that, from a scalping perspective, $78 might be a rebound area for long positions
Dec 7, 2022