Some of the largest custodial banks are interested in crypto custody but are hindered by the SEC rule SAB 121, which establishes accounting standards (Bloomberg) https://bit.ly/4eseBOx
Bloomberg:
Some of the largest custodial banks are interested in crypto custody but are hindered by the SEC rule SAB 121, which establishes accounting standards — - Coinbase, BitGo have been among the dominant service providers — SEC rule seen making it impractical for banks to do custody
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