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3232NYDFS Releases Guidance on Importance of Segregation and Separate Accounting for Customer Funds in Crypto Industry
https://www.digit.info/nydfs-releases-guidance-on-importance-of-segregation-and-separate-accounting-for-customer-funds-in-crypto-industry/
Mon, 23 Jan 2023 20:00:57 +0000https://www.digit.info/2023/01/23/nydfs-releases-guidance-on-importance-of-segregation-and-separate-accounting-for-customer-funds-in-crypto-industry/Read more]]>On Monday, the New York Department of Financial Services (NYDFS) published guidance on custodial structures to help protect customers’ money if a crypto firm goes bankrupt. New York’s top financial regulator stressed that businesses should not commingle customer funds and that customer funds should be segregated with separate accounting. FTX Collapse Prompts NYDFS to Issue […]
On Monday, the New York Department of Financial Services (NYDFS) published guidance on custodial structures to help protect customers’ money if a crypto firm goes bankrupt. New York’s top financial regulator stressed that businesses should not commingle customer funds and that customer funds should be segregated with separate accounting. FTX Collapse Prompts NYDFS to Issue […]