Companies Should Separate Clients' Crypto Assets From Their Own: NYDFS

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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Источник: fox13 - 🏆 550. / 51 Прочитайте больше »

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.
Источник: sltrib - 🏆 316. / 61 Прочитайте больше »