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Writer's pictureRaymond Chai

OTCbid - Texas State Regulator Greenlights Banks to Custody Crypto




" State-chartered banks in Texas have been given the green light to custody crypto assets on behalf of their customers, a state regulator announced Thursday.

The guidance is not representative of new law, but an affirmation that state-chartered banks are allowed to provide crypto custody services as long as there are adequate protocols in place and the banks are complying with existing legal frameworks, according to a June 10 notice posted on the Texas Department of Banking’s website.

According to the notice, the types of custody services offered by state-chartered banks may differ depending on each bank’s expertise, risk appetite and business model. Banks may offer either fiduciary and non-fiduciary custody services, which could range from safely storing copies of a customer’s private keys to directly controlling crypto assets, including holding private keys, on behalf of its customers. " - Read Full Article


Source: Coindesk





100K+ BTC SELLER AVAILABLE

" We get asked for millions of BTC from billion-dollar companies. We can do it with multiple sellers and multiple wallets."

- OTCbid

-5% Gross, -3% Net, Ledger2Ledger, Citibank

Buyer Mandates Only - OTCbid.com



NEW: 100K+ BTC @ -5% gross, -3% net, Ledger2Ledger, Citibank - Look For Buyer

(Seller : BS PM-Tele)

Post: 13.6.21

​​​​​​

  • A seller is selling 100K+ BTC @ -5%gross, -3% net

  • Buyer = 3%

  • Sellerside = 1%

  • Buyerside = 1%

  • Once the process/procedure confirmed, we can set up call and go to SPA

  • There will be a call to answer any questions the buyer or mandate may have.

  • As long as the buyer has a Citibank bank account the transaction is done with full bank responsibility so the bank takes full responsibility for the forensics of the coin and it’s a computerised transaction between money and coins.

  • PROCEDURES - LEDGER TO LEDGER:

  • 1. BUYER AND SELLER SIGN THE AGREEMENT AND EXCHANGE KYC INFORMATION (BUYER PROVIDE CURRENT STATEMENT ACCOUNT, SELLER PROVIDE WALLET SCREEN SHOT OR LIVE WALLET VIDEO)

  • 2. BUYER AND SELLER CONDUCT A ZOOM CALL. BUYER SHOWS POF, SELLER SHOWS WALLET CONTROL

  • 3. BUYER PAY FOR THE FIRST TRANCHE INTO SELLER’S SUB ACCOUNT WITHIN CITIBANK

  • 4. SELLER CONFIRM FUND AND CREDIT COIN TO BUYER WALLET WITHIN CITIBANK

  • 5. BUYER PAY BROKERS AND DISCOUNT TO BUYER BY BTC/FIAT

  • 6. NEXT TRANCHE CONTINUE UNTIL CONTRACT EXHUASTED

  • 7. NOTE: BOTH BUYER AND SELLER AGREE TO A 5% NON-PERFORMANCE PENALTY

BUYER MANDATE ONLY

Interested parties should contact :

​​

  • OTCbid@gmail.com

  • DM Raymond Chai (on Linkedin)

  • Telegram @OTCbiddotcom

  • Telegram: +1 (786) 632 8577

  • T.me/otc_bid

  • OTCbid.com

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