SEC’s Crypto Steerage Pushes US Banks to Rethink Custody Tasks: Report

by Jeremy

In March, the SEC mentioned all U.S.-listed public corporations that operate as crypto custodians ought to account for his or her crypto publicity as liabilities as a substitute of belongings on their steadiness sheets, and disclose dangers related to these belongings to buyers. The custody of crypto belongings by lenders current distinctive technological, authorized and regulatory dangers when in comparison with different belongings, the SEC steerage mentioned.

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