BNY Mellon Enters Bitcoin Custody Scene As SEC Okays Service: Report

Quick Summary:

According to a new report, BNY Mellon, the largest custodian bank in the United States, has secured the approval of the Securities and Exchange Commission (SEC) to offer Bitcoin custody services.

The bank was identified as an institution exempted from the financial regulator’s rules.

This could lead to new institutional participation in the market as more traditional companies become custodians.

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Article Details

Author / Journalist: David Pokima

Category: Crypto

Markets: IndiaUnited States

Topics: 24/7 Cryptocurrency News Securities and Exchange Commission SAB 121 Bitcoin News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-20 @ 19:55:24 (6 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 351 words

Reading Time: 2 minutes read

Sentences: 27 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22625550

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Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 9 hours ago

Coverage Areas: India

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