US State of Tennessee is looking for vendors to help them manage unclaimed crypto

2022-4-24 16:00

The US state of Tennessee is searching for a contractor to manage cryptocurrency on its behalf. A request for proposals with a Thursday deadline asks prospective suppliers to explain to the Tennessee Department of Treasury how they would handle virtual currencies such as Bitcoin for the state.

According to the RFP, the state currently has no cryptocurrencies and is looking for a vendor to “be prepared in the event that unclaimed virtual currency is remitted to the state’s unclaimed property program.”

The unclaimed property program has over $1.2 billion dollars in assets and works to reunite owners with their funds. The state retains unclaimed cash directly, but securities are held through a vendor. Unclaimed cryptocurrency would likewise be held by the next seller.

The state intends to announce the successful applicant on May 10.

In the RFP, prospective suppliers are requested to provide a price structure based on the company’s capacity to handle monthly cryptocurrency trading volumes of $500,000 and 50 Bitcoin transfers or withdrawals from an exchange account each month. According to the RFP, cryptocurrencies would include, but would not be limited to, Bitcoin.

This isn’t the fist time the US state of Tennessee has shown interest in cryptocurrencies and Bitcoin. In February, Tennessee law maker, Jason Powell proposed a new bill that would allow the state to invest into cryptocurrencies and non-fungible tokens (NFTs).

The post US State of Tennessee is looking for vendors to help them manage unclaimed crypto appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

manage state tennessee crypto unclaimed vendors looking

manage state → Результатов: 18


Texas Banking Department says Chartered Banks are Allowed to Provide Virtual Currency Custody Services

“Texas leads the way,” said Texas Blockchain Council as it noted that the Texas Department of Banking has issued a notice saying that chartered banks in the state may provide customers with virtual currency custody services, as long as they have adequate protocols in place to effectively manage risks.

2021-6-12 18:08


Фото:

Colorado senator wants to study blockchain for water rights management

A senator in Colorado wants the state to study the potential use of blockchain technology in water rights management. A bill submitted by Republican senator Jack Tate, alongside representatives Jeni James Arndt, and Marc Catlin, outlines the reasons why the Colorado Water Institute should be authorized to explore how the technology could help maximize operational efficiency, CoinDesk reports.

2019-3-7 13:41


Фото:

Wyoming Passes New Friendly Regulations for Crypto Assets

The Wyoming state government has been expanding its status as a hub for crypto and blockchain technology by passing several new bills this February. According to Wyoming-based blockchain advocate Caitlin Long, the state of Wyoming has recently passed resolution SF0125 on February 14, 2019, claiming that Wyoming “law recognizes property rights in the direct ownership of digital assets.

2019-2-15 22:18


Фото:

Elections Canada Consults With Political Parties on Crypto Donations

According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act.

2019-1-24 20:28


Ukrainian officials are not planning to manage the Crypto mine

The State Service for Special Communication and Information Protection of Ukraine has said that it is not planning to regulate cryptocurrency mining, news portal cryptorussia.ru reported June 25. BRDO official Igor Samokhodski said that miners are trying to avoid publicity due to the uncertain status of cryptocurrency and unpredictable reaction of the authorities. According to

2018-6-26 08:19