cryptocurrency ETP custody
The US Treasury Department has outlined a clear regulatory framework for the custody business of cryptocurrency exchange-traded products (ETPs). This move aims to provide guidance for businesses operating in the cryptocurrency sector. The Treasury’s clarification is expected to enhance compliance and foster growth within the cryptocurrency ETP market. By establishing defined regulations, the Treasury seeks to address concerns related to security and oversight in the custody of digital assets. This initiative reflects the ongoing evolution of regulatory approaches to cryptocurrency as the market continues to expand.
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