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America’s Oldest Bank, Bny Mellon Launches New Crypto Custody Platform

The first largest U.S. bank, BNY Mellon, will hold private keys and perform bookkeeping services to protect digital assets besides conventional investments.<br>

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America’s Oldest Bank, Bny Mellon Launches New Crypto Custody Platform

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  1. America’s Oldest Bank, Bny Mellon, Launches New Crypto Custody Platform On Tuesday, America’s oldest bank declared that it would begin accepting cryptocurrency deposits from clients. It is the first significant bank to secure digital and traditional money on the same platform. BNY Mellon received permission from New York’s financial watchdog earlier to accept bitcoin from a small group of clients. In addition to providing similar bookkeeping services on such virtual currencies as it does for fund managers’ portfolios of equities, commodities, bonds, and other such holdings, the bank will hold the keys needed to acquire and transmit those assets.

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