Good news for crypto enthusiasts! đ
- **BNY Mellon** moves toward offering custody services for Bitcoin and Ether after receiving green light from SEC.
- The SEC decided that BNY does not need to follow the controversial SAB 121 accounting guidelines.
- SAB 121 required companies to list clients' crypto assets as liabilities, complicating accounting.
- Other banks could be treated the same way, according to the SEC.
- BNY still needs authorization from other regulators to begin.
What do you think? Leave us your comments!
