There’s also added complexity in the fact that different regulations might have to be taken into account for different digital assets. While the global regulatory landscape continues to evolve, when a firm retains custody of an asset, some of these questions fall under its responsibility. For example, determining whether a particular asset is considered a security or a commodity, and how it may be treated differently in other jurisdictions, becomes relevant to how it needs to be managed by the firm.
Related posts
-
Iran Officially Unveils Central Bank Digital Currency Project
Iran officially unveiled its central bank digital currency (CBDC)... -
Binance CEO Richard Teng Says Crypto Exchange Has Frozen $5,300,000 in Digital Assets Linked to BtcTurk Hack
Binance CEO Richard Teng says the world’s largest crypto exchange is helping in the probe of... -
Nomura Survey Reveals Majority of Japanese Institutional Investors Plan to Invest in Crypto in Next Three Years
Please note that our privacy policy, terms of use, cookies, and do not sell my personal...