Crypto-Follow logo Crypto-Follow logo
Ethereum World News 2022-04-01 10:44:05

Firms With Custody Services Must Add Crypto Assets as Liabilities: US SEC

SEC publishes a notice saying that companies holding crypto must add the asset class as a liability on balance sheets. The rule will come into effect later this year. The U.S. SEC is currently reviewing the crypto market and will impose more regulation. The United States Securities and Exchange Commission (SEC) has published a notice saying that firms in the country that provide custody services should account for crypto assets as a liability. Published on March 31, the notice states […]

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer