Gov. Walz Signs Bitcoin Custody Bill, Letting Minnesota Banks Hold Crypto Aug. 1
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Minnesota passed a new law that will allow banks and credit unions to guard Bitcoin and cryptocurrencies since August 2026, while the state advances simultaneously with a total ban on ATMs. *** Act HF 3709 authorizes state banks to guard Bitcoin and other digital assets• Institutions must notify 60 days in advance and comply with strict regulatory requirements• Minnesota will also ban crypto kiosks and cashiers to combat fraud directed at older …
Minnesota Law Lets Banks And Credit Unions Offer Bitcoin Custody
Minnesota has enacted a new financial-institutions law that allows state banking institutions and credit unions to offer virtual-currency custody services, giving local financial firms a clearer route to hold Bitcoin and other crypto assets for customers. The Chapter 93 law tied to H.F. 3709 was approved by the governor and filed with the secretary of state on May 15, with the new custody framework taking effect on August 1, 2026. Minnesota defi…
CoinStats - Minnesota Law Lets Banks And Credit Unions Of...
Minnesota has enacted a new financial-institutions law that allows state banking institutions and credit unions to offer virtual-currency custody services, giving local financial firms a clearer route to hold Bitcoin and other crypto assets for customers. The Chapter 93 law tied to H.F. 3709 was approved by the governor and filed with the secretary of state on May 15, with the new custody framework taking effect on August 1, 2026. Minnesota defi…
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