A local banker told CoinDesk that in light of Wall Street’s aggressive push into the crypto industry, Minnesota's financial institutions could not afford to remain on the sidelines. Minnesota has enacted a first-of-its-kind Midwestern law allowing state-chartered banks and credit unions to offer cryptocurrency custody services, aiming to stem deposit flight to out-of-state crypto platforms. Lawmakers and local bankers say the measure is needed to keep community institutions competitive as…
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