CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CoinOtag 2024-07-12 06:21:00

SEC’s New Crypto Reporting Rules Boost Bitcoin and Financial Institutions

The U.S. Securities and Exchange Commission (SEC) has introduced a pivotal adjustment in how banks and brokerage firms report their customers’ crypto assets. This development allows these entities to exclude crypto assets from their balance sheets if they can effectively manage the associated risks. The SEC’s guidance comes after industry pressure and unsuccessful legislative attempts

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.