bullish

Bitcoin

Green

Melon

<ul class="wp-block-list news-points">
 <li><strong>BNY Mellon gets SEC approval to offer Bitcoin and digital asset custody services.</strong></li>
 <li><strong>Concerns arise over Bitcoin’s decentralization as major banks enter crypto custody.</strong></li>
 <li><strong>SEC exemptions under SAB 121 prompt mixed reactions from the crypto community.</strong></li>
</ul>
<p>BNY Mellon, a major global asset custodian, secured approval from the U.S. Securities and Exchange Commission (SEC) to provide Bitcoin and other digital asset custody services, on September 20, 2024. The approval allows the $49 trillion asset custodian to hold not only Bitcoin but also various digital assets.</p>
<p>The SEC granted BNY Mellon a variance from Staff Accounting Bulletin (SAB) 121. This regulation initially posed challenges for banks wanting to enter the crypto custody space, requiring them to list digital assets as liabilities on their balance sheets.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Btw: Sept 20th approval by the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@SECGov</a> to allow <a href="https://twitter.com/BNYglobal?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@BNYglobal</a> BNY Melon to custodian Bitcoin includes "all digital assets" in the release. This means the $49 trillion asset custodian can custody in kind crypto. This could be the single most bullish event of 2024.<br><br>However, it also…</p>— MartyParty (@martypartymusic) <a href="https://twitter.com/martypartymusic/status/1838015791868100666?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 23, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="h-centralization-concerns-arise"><strong>Centralization Concerns Arise…</strong></h2>
<p>The post <a href="https://coinedition.com/big-banks-bitcoin-bny-mellon-gets-the-green-light-but-at-what-cost/" rel="noopener noreferrer nofollow">Big Banks &amp; Bitcoin: BNY Mellon Gets the Green Light, but at What Cost?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Big Banks & Bitcoin: BNY Mellon Gets the Green Light, but at What Cost?

목차

Coin Edition

2024년 9월 23일에 게재된 다른 기사

Top 5 Ethereum (ETH) Competitors That Could Turn $1,000 Into $100K by June 2025

DeltaPrime DeFi Protocol Lost $5.9M in Ongoing Exploit: Report

Coinpedia Fintech News

PizzaSwap to Launch on Fractal Mainnet on September 30, Supporting Cross-Chain Bridges

Ethereum transaction fees spike, despite a drop in active accounts

Pyth Network Launches Oracle Integrity Staking to Incentivize High-Quality Price Feeds

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!