Companies Should Separate Clients’ Crypto Assets From Their Own: NYDFS

The New York State Department of Financial Services (NYDFS) urged firms to set apart customers’ cryptocurrency holdings from their own assets.
The watchdog argued that co-mingling funds could trigger a significant financial loss for investors.
The NYDFS’ Recommendation
New York’s financial watchdog issued guidance to state-regulated companies on how they should better protect…

This story appeared on, 2023-01-25.
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