The Office of the Comptroller of the Currency has clarified that national banks can hold cryptocurrency keys, potentially ushering in a wave of new services from these financial institutions.
Insured custody provider Knox and Canadian cryptocurrency exchange Bitbuy have partnered to offer a third-party storage solution for bitcoin on an exchange.
As the allure of holding fractional reserves increases, proof of reserves can help clients of custodial platforms verify if their funds are there or not.