BNY Mellon Moves Towards Offering Crypto Custody Services
Published : 3 mins ago, on
US bank BNY Mellon is progressing with plans to start offering a crypto custody service to its Exchange-Traded Product (ETP) clients, following an earlier decision by the SEC which means BNY Mellon’s custodial crypto products are not treated as securities. BNY Mellon is taking tentative steps towards offering custody services to its clients, and will engage with the SEC further before offering the product, but this kind of relationship could open the market up further in the future.
Crypto Keys And Key Storage
Cryptocurrency is not tangible. When people buy Bitcoin, they access the private key that effectively gives them ownership of that currency. The key is needed to prove ownership and also…
