The oldest bank in the United States to allow its customers to hold bitcoins

BNY Mellon ^[1] , the oldest bank in the United States (1784), today announced the deployment, during the year 2021, of a platform allowing its customers to receive, hold and transmit bitcoins and other digital assets.

“BNY Mellon is proud to be the first major bank in the world to announce its intention to provide integrated service for digital assets. Growing customer demand for digital assets, the maturity of existing solutions and regulatory clarification provide us with a tremendous opportunity to extend our current service offerings to this emerging area ” – Roman Regelman, Head of Digital Services at BNY Mellon .

Linda Lacewell, superintendent of the New York State Department of Financial Services, who confirmed on Twitter that a banking institution like BNY Mellon is allowed to hold digital assets without needing to obtain a BitLicense ^[2] .

Sources: wsj.com – coindesk.com – cnbc.com

^[1] Bank of New York Mellon.

^[2] BitLicense is a set of regulatory constraints that the New York State Department of Financial Services (NYDFS) has imposed since 2014 on companies related to Bitcoin and cryptocurrencies.