Regulatory Alerts2021-02-26 | 2020-28847Added
Custody of Digital Asset Securities by Special Purpose Broker-Dealers
The Securities and Exchange Commission issued a statement and request for comment regarding the custody of digital asset securities by broker-dealers under the Customer Protection Rule. The Commission stated it would not take enforcement action against broker-dealers that limit their business exclusively to digital asset securities and maintain specific security policies for five years. This interim measure aims to encourage innovation while ensuring investor protection in the evolving digital asset market.
Topics
Share