SEC tells crypto platforms to treat customer holdings as liabilities - Markets Insider
3/31/2022 12:00:00 AM3 years 1 month ago
by Hamza Fareed Malik
by Hamza Fareed Malik
The regulator's guidance means the balance sheets of publicly traded firms with crypto in custody could grow hugely.
Crypto-trading platforms that look after digital holdings for customers should book these on their balance sheets as their own liabilities and assets, the Securities and Exchange Commission has said.… [+2438 chars]
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