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Why Nasdaq’s Custody Exit Is Bad News For Crypto

Notably, in February, the SEC voted to increase its current guidelines on all buying and selling and lending firms, requiring them to maintain buyer property with a “certified custodian,” that means a chartered financial institution or belief. The businesses are an SEC-registered broker-dealer or Commodity Futures Buying and selling Fee. (CFTC) derivatives dealer. Crypto talks in regards to the proposal as a “custodial rule”.

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