Companies Should Separate Clients’ Crypto Assets From Their Own: NYDFSThe regulator claimed the guidance is intended to offer “greater clarity regarding standards and practices.”
“As stewards of others’ assets, virtual currency entities that act as custodians play an important role in the financial system and, therefore, a comprehensive and safe regulatory framework is vital to protecting customers and preserving trust.” They should also release records and maintain a “clear internal audit trail” to identify people about any transactions involving their ownings.The regulator said custodians should not use users’ crypto assets to settle separate financial services, such as guaranteeing an obligation or extending credit.
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Utah set to sue social media companies to 'protect our kids'Comparing social media companies to those that pushed opioids and tobacco, Utah Gov. Spencer Cox announced the state is set to sue those companies in an effort to protect children. Mean while. People can’t afford housing. Can’t afford food. Wages aren’t going up and prices are so out of wack. Oh. But let’s battle social media instead. The GOP sucks so bad. It would probably make sense if the Ch_JesusChrist stopped investing in social media companies as well then?
Source: fox13 - 🏆 550. / 51 Read more »
Why Utah Gov. Cox and AG Reyes plan to sue social media companiesUtah Gov. Spencer Cox, alongside Utah Attorney General Sean Reyes, announced that the state would take legal actions against social media companies to address, they say, the harm that digital platforms are doing to the mental health of Utah’s youth. 'Sometime in the future' Adorable that our politicians think that kids don't know how to lie online.
Source: sltrib - 🏆 316. / 61 Read more »