{"id":43241,"date":"2021-05-26T17:48:02","date_gmt":"2021-05-26T14:48:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43241"},"modified":"2025-08-31T02:46:02","modified_gmt":"2025-08-30T23:46:02","slug":"nebraska-allows-banks-to-hold-cryptocurrency","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nebraska-allows-banks-to-hold-cryptocurrency\/","title":{"rendered":"Nebraska Allows Banks to Hold Cryptocurrency"},"content":{"rendered":"<p>The governor of Nebraska, Pete Ricketts, signed into law a bill allowing local banks to hold cryptocurrency.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re thrilled that <a href=\"https:\/\/twitter.com\/hashtag\/LB649?src=hash&#038;ref_src=twsrc%5Etfw\">#LB649<\/a>, spearheaded by <a href=\"https:\/\/twitter.com\/hashtag\/Telcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Telcoin<\/a>, has been signed into law in <a href=\"https:\/\/twitter.com\/hashtag\/Nebraska?src=hash&#038;ref_src=twsrc%5Etfw\">#Nebraska<\/a>. Our deepest thanks to Senator <a href=\"https:\/\/twitter.com\/MikeFloodNE?ref_src=twsrc%5Etfw\">@MikeFloodNE<\/a> and the many supporters of this landmark legislation. An exciting journey lies ahead for <a href=\"https:\/\/twitter.com\/hashtag\/digitalassets?src=hash&#038;ref_src=twsrc%5Etfw\">#digitalassets<\/a> in the Cornhusker state! <a href=\"https:\/\/t.co\/3wfqAM6dSN\">pic.twitter.com\/3wfqAM6dSN<\/a><\/p>\n<p>\u2014 Telcoin (@telcoin_team) <a href=\"https:\/\/twitter.com\/telcoin_team\/status\/1397366117954322435?ref_src=twsrc%5Etfw\">May 26, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The measure was developed by Republican Senator Mike Flood in collaboration with Telcoin. It contemplates creating a new state banking charter, focused on financial services powered by digital assets.<\/p>\n<p>The Nebraska Financial Innovations Act allows credit institutions to operate cryptocurrency custodians. These institutions may be registered in the United States or abroad.<\/p>\n<p>Telcoin\u2014a telecommunications-focused blockchain company that developed a remittance system on the Ethereum network. It was actively involved in crafting the bill, one of Flood\u2019s early initiatives as a senator.<\/p>\n<p>In July 2020, the Office of the Comptroller of the Currency, part of the U.S. Treasury, allowed national banks to hold cryptographic keys from cryptocurrency wallets. The Nebraska law extends this right to state-registered institutions.<\/p>\n<p>In November, Wyoming <a href=\"https:\/\/u1f987.com\/en\/news\/crypto-startup-avanti-caitlin-longs-venture-gains-u-s-bank-status\">granted a banking charter<\/a> to the cryptocurrency startup Kaitlin Long\u2019s Avanti.<\/p>\n<p>Earlier in May 2021, Nebraska state Senator Carol Blood proposed using blockchain <a href=\"https:\/\/u1f987.com\/en\/news\/nebraska-senator-proposes-using-blockchain-in-agriculture\">to track the provenance of products<\/a>: from farms to store shelves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The governor of Nebraska, Pete Ricketts, signed a bill allowing local banks to hold cryptocurrency.<\/p>\n","protected":false},"author":1,"featured_media":43242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1269,36,26],"class_list":["post-43241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-cryptocurrencies","tag-regulation","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=43241"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43241\/revisions"}],"predecessor-version":[{"id":43243,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43241\/revisions\/43243"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/43242"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=43241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=43241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=43241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}