Why Is Tennessee Looking for a Crypto Custody Service Provider?

Why Is Tennessee Looking for a Crypto Custody Service Provider?
Bitcoin medals, in Washington, on June 17, 2014. Karen Bleier/AFP via Getty Images
Benzinga
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The Tennessee Department of Treasury is seeking vendors who can manage cryptocurrency on their behalf.

In a request for proposals (RFP) letter, the department said that Tennessee doesn’t possess cryptocurrencies at present, but is working to safely hold digital assets in the near future.