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Banks in USA Can Now Help you Store Your Cryptocurrency

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Banks In The US Can Now Offer Cryptocurrency Custody Services

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A few years ago, banks all over the world were threatening to close down accounts of those running crypto-related transactions. This threat from banks made Bitcoin price to dip from the top of $19000 to $5000.

Bitcoin Chart: https://coinmarketcap.com/currencies/bitcoin/

After carrying out much research about bitcoin and other cryptocurrencies, the fed and banks realised they could not shut down bitcoin. In the video below, congressman acknowledged the need for the US government to embrace cryptocurrency and blockchain.

In a related event, congressman Pratrick Mchenry acknowledged the presence and continuous existence of cryptocurrency and digital currency that may never go away.

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Banks In The US Can Now Offer Cryptocurrency Custody Services

Following much research, the OCC announced that US banks are now permitted to store and hold cryptocurrency assets to users. This tweet further proofs crypto is here to stay and blockchain adoption will further increase as a result of this.

Reaction From Crypto Twitter

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