SEC tells crypto platforms to treat customer holdings as liabilities - Markets Insider
4/1/2022 12:00:00 AM3 years 11 months 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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