SEC scraps SAB 121, making crypto custody easier
The Securities and Exchange Commission (SEC) has repealed a controversial rule requiring financial firms holding cryptocurrency for customers to report those assets as liabilities on their balance sheets. In a bulletin issued on Jan. 23, the SEC announced that Staff Accounting Bulletin (SAB) 122 officially rescinds SAB 121, a policy introduced in March 2022 that […]
Standard Chartered wins license in Luxembourg to offer crypto custody services
Standard Chartered has launched a new entity in Luxembourg to provide crypto custody services across the European Union under MiCA regulation. British multinational financial giant Standard Chartered has launched a new entity in Luxembourg to offer crypto custody services to European Union clients as the E.U. implements the Markets in Crypto Assets — also known […]
Crypto.com launches US institutional custody service
The move is part of the exchange’s broader plan to expand its US presence following the election of Donald Trump. Source link
Singapore amends Payment Services Act to cover token custody and transfers
The Monetary Authority of Singapore said that entities not fulfilling the requirements must cease activities once the amendments take effect. Source link
