Companies Should Separate Clients’ Crypto Assets From Their Own: NYDFScryptopotato.com/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…