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Minnesota Governor Walz signs crypto custody bill for banks, bans kiosk machines statewide
May 18, 2026
< 1 min read
by Hannah Collymore
for CryptoPolitan
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Minnesota Governor Tim Walz signed legislation authorizing state-chartered banks and credit unions to custody Bitcoin and other digital assets for customers, a move that could bolster institutional custody, security and crypto adoption. He also approved a separate law banning cryptocurrency kiosks statewide and both measures take effect August 1, 2026, creating a mixed regulatory outcome that expands bank-based custody while restricting retail on-ramps.
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Minnesota Governor Tim Walz has signed new legislation that authorizes state-chartered banks and credit unions to hold Bitcoin and other digital assets for customers. However, a few days earlier, the governor signed into law a separate bill that now bans cryptocurrency kiosks across the state. Both measures take effect August 1, 2026. The custody bill,...
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