BNY Clears Path With SEC to Custody Bitcoin and Ether for Exchange-Traded Products

BNY announced Tuesday that the SEC’s Office of the Chief Accountant (OCA) had no objection to the bank not following the agency’s SAB 121 accounting guidance specifically for custodying crypto assets for exchange-traded products (ETPs). SAB 121 generally requires entities custodying such assets to list them as liabilities on their ... The post BNY Clears Path With SEC to Custody Bitcoin and Ether for Exchange-Traded Products appeared first on Unchained.