SEC Clears BNY Mellon's Crypto Custody
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•Breaking: US SEC Greenlights BNY Mellon's New Crypto Custody Plan
67% Informative
US SEC has approved Bank of New York Mellon’s plan to offer custody services for digital assets.
The SEC has given a “non-objection” to the proposed custody structure, allowing the bank to hold digital assets without violating regulatory requirements.
The plan includes individual crypto wallets that are tied to separate bank accounts, ensuring that customer funds are safeguarded.
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