Friday, March 5, 2021
  • Home
  • News
    Students, staff evacuated from Oakland Park school after partial roof collapse

    Students, staff evacuated from Oakland Park school after partial roof collapse

    Biden’s Dilemmas, Part 1: Punishing Saudi Arabia – The New York Times

    Biden’s Dilemmas, Part 1: Punishing Saudi Arabia – The New York Times

    Cuomo Aides Rewrote Nursing Home Report to Hide Higher Death Toll

    Cuomo Aides Rewrote Nursing Home Report to Hide Higher Death Toll

    California crash victims entered US through border fence hole: Updates

    California crash victims entered US through border fence hole: Updates

    Reports Of COVID Vaccine ‘Spoilage’ Grow : Shots

    Reports Of COVID Vaccine ‘Spoilage’ Grow : Shots

    US Capitol police warn of possible militia plot to breach Congress

    US Capitol police warn of possible militia plot to breach Congress

    The latest on Biden’s presidency: Live updates

    The latest on Biden’s presidency: Live updates

    13 dead; 25 people in Ford Expedition

    13 dead; 25 people in Ford Expedition

    Stranger attacks Asian couple in Chinatown as hate crimes spike in King County – KOMO News

    Stranger attacks Asian couple in Chinatown as hate crimes spike in King County – KOMO News

  • Business

    Economists See Few Monetary Policy Changes With Powell Leading Fed

    Indonesia’s Largest Fleet of Taxis Teams Up To Beat Ride-Hailing Apps

    Olivia Munn’s One-Piece Swimsuit Plunges Further Than You Thought Possible

    Hannah Donker talks being The Weeknd’s love interest in ‘Secrets’

    High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

    Bitcoin Is ‘Definitely Not A Fraud,’ CEO of Mobile-Only Bank Revolut Says

  • Celebrity

    BIZZLINE: A STUDIO FOR PHOTOGRAPHERS SET TO OPEN

    THE DAY I LEARNED TO STOP HATING LAPTOP DJS

    HOW MALE MODELS GET SUPER RICH IN A FEMALE-DOMINATED INDUSTRY

    WHAT IS LIKE TO WORK AS A SUPER MODEL

    HOW TAYLOR SWIFT HELPED ME LOSE 425 LBS

    LIFETIME UNVEILS FIRST LOOK OF FULLHOUSE MOVIE

  • Fashion
    • All
    • Y2K Outfits
    Best Movies & TV Shows to Watch on Paramount+ Right Now

    Best Movies & TV Shows to Watch on Paramount+ Right Now

    Groovy Chick is back with a T shirt from Daisy Street

    Groovy Chick is back with a T shirt from Daisy Street

    Dua Lipa’s Lace Collar Dress Is A Wearable Twist On This Spring Trend

    Dua Lipa’s Lace Collar Dress Is A Wearable Twist On This Spring Trend

    BonBonWhims Chunky 2000s-Inspired Rings Fashion Interview

    BonBonWhims Chunky 2000s-Inspired Rings Fashion Interview

    How Virtual Styling Turned Into A Business On Instagram

    How Virtual Styling Turned Into A Business On Instagram

    5 Y2K party wear trends from Milan Fashion Week autumn/winter ’21/’22 you need to know now – Vogue Australia

    5 Y2K party wear trends from Milan Fashion Week autumn/winter ’21/’22 you need to know now – Vogue Australia

    Brand To Watch: London-Based Label Always Do What You Should Do

    Brand To Watch: London-Based Label Always Do What You Should Do

    A brief history of piercings and their controversial beginnings

    A brief history of piercings and their controversial beginnings

    Clothing, movies and culture of the 2000s return in 2021 – The Quinnipiac Chronicle

    Clothing, movies and culture of the 2000s return in 2021 – The Quinnipiac Chronicle

  • Design
    • All
    • Indian Living Rooms
    • Indoor Water Fountains
    • Scrunchies
    • Solar Light Craft
    • Thrift Store Crafts
    • Thrifted Home Decor
    This easy DIY turns any fabric into scrunchies– all you need is hot glue – Yahoo! Voices

    This easy DIY turns any fabric into scrunchies– all you need is hot glue – Yahoo! Voices

    Comprehensive Report on Scrunchies Market 2021 | Size, Growth, Demand, Opportunities & Forecast To 2026

    Scrunchies Market To Show Startling Growth after COVID19 Pandemic, Business Opportunity & Development Strategy with Market Forecast

    Punky pearls, precious scrunchies and lots of Prada: What’s in Fashion? 

    Punky pearls, precious scrunchies and lots of Prada: What’s in Fashion? 

    Scrunchies Market 2021 Is Rapidly Increasing Worldwide in Near Future | Top Companies Analysis

    Scrunchies Market 2021 Is Rapidly Increasing Worldwide in Near Future | Top Companies Analysis

    This London Designer Makes the Largest Extreme Scrunchies

    This London Designer Makes the Largest Extreme Scrunchies

    Simply Fabulous Sets of Silk Scrunchies

    Simply Fabulous Sets of Silk Scrunchies

    19 Best Silk Scrunchies To Protect Your Hair 2021

    19 Best Silk Scrunchies To Protect Your Hair 2021

    These $5 scrunchies with a hidden zipper can hide your keys, cash and more

    These $5 scrunchies with a hidden zipper can hide your keys, cash and more

    Comprehensive Report on Scrunchies Market 2021 | Size, Growth, Demand, Opportunities & Forecast To 2026

    Comprehensive Report on Scrunchies Market 2021 | Size, Growth, Demand, Opportunities & Forecast To 2026

  • Technology
    • All
    • Facebook
    • Headphones
    • Mobile
    • Social
    • Voip Phone Service

    Win A NEW Macbook NOW!

    Latest 7 Best Wireless Headphones For Skype

    How To Make Your Headphones Louder

    11 Best Noise Cancelling Headphones For Call Center 2018

    11 Best Noise Cancelling Headphones For Call Center 2018

    7 Best Wireless USB Headset

    7 Best Wireless USB Headset

    7 Best Wireless Headset With Noise Cancelling Microphone

    7 Best Wireless Headset With Noise Cancelling Microphone

    Latest 7 Best Wireless Headphones For Skype

    Latest 7 Best Wireless Headphones For Skype

    Top 7 Best Corded Headset For Office Phone

    Top 7 Best Corded Headset For Office Phone

    7 Best Wireless Headset For Skype For Business 2018 (updated)

    7 Best Wireless Headset For Skype For Business 2018 (updated)

    7 Best Headphones For Call Center Use 2017

    7 Best Headphones For Call Center Use 2017

No Result
View All Result
  • Home
  • News
    Students, staff evacuated from Oakland Park school after partial roof collapse

    Students, staff evacuated from Oakland Park school after partial roof collapse

    Biden’s Dilemmas, Part 1: Punishing Saudi Arabia – The New York Times

    Biden’s Dilemmas, Part 1: Punishing Saudi Arabia – The New York Times

    Cuomo Aides Rewrote Nursing Home Report to Hide Higher Death Toll

    Cuomo Aides Rewrote Nursing Home Report to Hide Higher Death Toll

    California crash victims entered US through border fence hole: Updates

    California crash victims entered US through border fence hole: Updates

    Reports Of COVID Vaccine ‘Spoilage’ Grow : Shots

    Reports Of COVID Vaccine ‘Spoilage’ Grow : Shots

    US Capitol police warn of possible militia plot to breach Congress

    US Capitol police warn of possible militia plot to breach Congress

    The latest on Biden’s presidency: Live updates

    The latest on Biden’s presidency: Live updates

    13 dead; 25 people in Ford Expedition

    13 dead; 25 people in Ford Expedition

    Stranger attacks Asian couple in Chinatown as hate crimes spike in King County – KOMO News

    Stranger attacks Asian couple in Chinatown as hate crimes spike in King County – KOMO News

  • Business

    Economists See Few Monetary Policy Changes With Powell Leading Fed

    Indonesia’s Largest Fleet of Taxis Teams Up To Beat Ride-Hailing Apps

    Olivia Munn’s One-Piece Swimsuit Plunges Further Than You Thought Possible

    Hannah Donker talks being The Weeknd’s love interest in ‘Secrets’

    High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

    Bitcoin Is ‘Definitely Not A Fraud,’ CEO of Mobile-Only Bank Revolut Says

  • Celebrity

    BIZZLINE: A STUDIO FOR PHOTOGRAPHERS SET TO OPEN

    THE DAY I LEARNED TO STOP HATING LAPTOP DJS

    HOW MALE MODELS GET SUPER RICH IN A FEMALE-DOMINATED INDUSTRY

    WHAT IS LIKE TO WORK AS A SUPER MODEL

    HOW TAYLOR SWIFT HELPED ME LOSE 425 LBS

    LIFETIME UNVEILS FIRST LOOK OF FULLHOUSE MOVIE

  • Fashion
    • All
    • Y2K Outfits
    Best Movies & TV Shows to Watch on Paramount+ Right Now

    Best Movies & TV Shows to Watch on Paramount+ Right Now

    Groovy Chick is back with a T shirt from Daisy Street

    Groovy Chick is back with a T shirt from Daisy Street

    Dua Lipa’s Lace Collar Dress Is A Wearable Twist On This Spring Trend

    Dua Lipa’s Lace Collar Dress Is A Wearable Twist On This Spring Trend

    BonBonWhims Chunky 2000s-Inspired Rings Fashion Interview

    BonBonWhims Chunky 2000s-Inspired Rings Fashion Interview

    How Virtual Styling Turned Into A Business On Instagram

    How Virtual Styling Turned Into A Business On Instagram

    5 Y2K party wear trends from Milan Fashion Week autumn/winter ’21/’22 you need to know now – Vogue Australia

    5 Y2K party wear trends from Milan Fashion Week autumn/winter ’21/’22 you need to know now – Vogue Australia

    Brand To Watch: London-Based Label Always Do What You Should Do

    Brand To Watch: London-Based Label Always Do What You Should Do

    A brief history of piercings and their controversial beginnings

    A brief history of piercings and their controversial beginnings

    Clothing, movies and culture of the 2000s return in 2021 – The Quinnipiac Chronicle

    Clothing, movies and culture of the 2000s return in 2021 – The Quinnipiac Chronicle

  • Design
    • All
    • Indian Living Rooms
    • Indoor Water Fountains
    • Scrunchies
    • Solar Light Craft
    • Thrift Store Crafts
    • Thrifted Home Decor
    This easy DIY turns any fabric into scrunchies– all you need is hot glue – Yahoo! Voices

    This easy DIY turns any fabric into scrunchies– all you need is hot glue – Yahoo! Voices

    Comprehensive Report on Scrunchies Market 2021 | Size, Growth, Demand, Opportunities & Forecast To 2026

    Scrunchies Market To Show Startling Growth after COVID19 Pandemic, Business Opportunity & Development Strategy with Market Forecast

    Punky pearls, precious scrunchies and lots of Prada: What’s in Fashion? 

    Punky pearls, precious scrunchies and lots of Prada: What’s in Fashion? 

    Scrunchies Market 2021 Is Rapidly Increasing Worldwide in Near Future | Top Companies Analysis

    Scrunchies Market 2021 Is Rapidly Increasing Worldwide in Near Future | Top Companies Analysis

    This London Designer Makes the Largest Extreme Scrunchies

    This London Designer Makes the Largest Extreme Scrunchies

    Simply Fabulous Sets of Silk Scrunchies

    Simply Fabulous Sets of Silk Scrunchies

    19 Best Silk Scrunchies To Protect Your Hair 2021

    19 Best Silk Scrunchies To Protect Your Hair 2021

    These $5 scrunchies with a hidden zipper can hide your keys, cash and more

    These $5 scrunchies with a hidden zipper can hide your keys, cash and more

    Comprehensive Report on Scrunchies Market 2021 | Size, Growth, Demand, Opportunities & Forecast To 2026

    Comprehensive Report on Scrunchies Market 2021 | Size, Growth, Demand, Opportunities & Forecast To 2026

  • Technology
    • All
    • Facebook
    • Headphones
    • Mobile
    • Social
    • Voip Phone Service

    Win A NEW Macbook NOW!

    Latest 7 Best Wireless Headphones For Skype

    How To Make Your Headphones Louder

    11 Best Noise Cancelling Headphones For Call Center 2018

    11 Best Noise Cancelling Headphones For Call Center 2018

    7 Best Wireless USB Headset

    7 Best Wireless USB Headset

    7 Best Wireless Headset With Noise Cancelling Microphone

    7 Best Wireless Headset With Noise Cancelling Microphone

    Latest 7 Best Wireless Headphones For Skype

    Latest 7 Best Wireless Headphones For Skype

    Top 7 Best Corded Headset For Office Phone

    Top 7 Best Corded Headset For Office Phone

    7 Best Wireless Headset For Skype For Business 2018 (updated)

    7 Best Wireless Headset For Skype For Business 2018 (updated)

    7 Best Headphones For Call Center Use 2017

    7 Best Headphones For Call Center Use 2017

No Result
View All Result
No Result
View All Result

SEC Looking at Which Firms Can Take Custody of Crypto

Editorial Team by Editorial Team
November 10, 2020
in Uncategorized
0
SEC Looking at Which Firms Can Take Custody of Crypto
586
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

You might also like

The Craziest Shoes at Milan Fashion Week Fall 2021

Best Movies & TV Shows to Watch on Paramount+ Right Now

Students, staff evacuated from Oakland Park school after partial roof collapse

In brief

  • SEC staff issued a public statement asking questions about the definition of “qualified custodian.”
  • That term is traditionally applied to banks, brokerages, and futures commission merchants.
  • The Wyoming Division of Banking, however, applied it to Ocean Trust, a wealth management firm.

When it comes to changing the rules for institutional crypto investing, Wyoming keeps pushing the envelope.

A public statement from the Securities and Exchange Commission today reveals that the federal agency is looking into which institutions can qualify as “qualified custodians” for client funds.

The statement, from the SEC’s Division of Investment Management, follows a no-action letter from the Wyoming Division of Banking to a state-chartered public trust company, Two Ocean Trust. In it, the division judges Two Ocean to be a “qualified custodian” and therefore eligible to “provide custodial services for digital assets under Wyoming law, including virtual currency and digital (tokenized) securities.”

This may seem like inside baseball (and it is). However, depending on where the SEC ultimately comes down, it could let traditional registered investment advisors, who may have been reticent to get involved with crypto custody, know what the score is. 

Unlike Kraken Financial and Avanti, which recently won bank charters from Wyoming to offer digital asset banking services, Two Ocean Trust is a wealth management firm. 

Though the Wyoming letter is careful to say that not all non-depository trust companies are banks or qualified custodians, it does say Two Oceans essentially falls under the definition of bank according to the Investment Advisers Act of 1940, which requires firms that give financial advice about securities to register with the SEC, as well as the SEC Custody Rule, which sets out requirements for protecting client assets.

According to the SEC, qualified custodians traditionally include “banks, registered broker-dealers, and registered futures commission merchants,” which are all “subject to extensive regulation and oversight.”

The SEC’s letter asks for public comments on a variety of questions, for example, who’s been left out of the qualified custodian definition that should be in? Who’s in who should be out? And, importantly, do state-chartered trust companies like Two Ocean have the same characteristics as banks?

As Caitlin Long, head of Avanti, pointed out on Twitter, the “crypto custody market was already moving toward banks,” hence Kraken and Avanti’s status as special purpose depository institutions that allow for digital asset deposits.

Nonetheless, the SEC answers will provide clarity, she said: “The question of whether a state trust company is a qualified custodian has now formally been opened by the SEC, posing risk to using one.”

That’s not necessarily a bad thing, in her eyes:

“This issue kept many [registered investment advisors and investment managers] out of crypto. [Registered investment advisors], pensions, endowments and foundations can’t take custody risks that hedge funds and family offices can take—[especially] those subject to the ERISA,” she wrote, referring to the federal law which protects retirement plans. “They needed clarity and it was missing. Now it’s here, and here they come!”

Source link

Previous Post

TCAPS Superintendent Gives Coronavirus Update to School Board

Next Post

2021 Fly Fishing Show dates cancelled or postponed due to coronavirus | Hatch Magazine

Editorial Team

Editorial Team

Related Posts

The Craziest Shoes at Milan Fashion Week Fall 2021

The Craziest Shoes at Milan Fashion Week Fall 2021

by Editorial Team
March 5, 2021
Best Movies & TV Shows to Watch on Paramount+ Right Now
Y2K Outfits

Best Movies & TV Shows to Watch on Paramount+ Right Now

by Editorial Team
March 5, 2021
Students, staff evacuated from Oakland Park school after partial roof collapse
Breaking News

Students, staff evacuated from Oakland Park school after partial roof collapse

by Editorial Team
March 5, 2021
Best Fly Fishing in New England

Best Fly Fishing in New England

by Editorial Team
March 5, 2021
‘Law remains valid:’ Pastor accused of violating health orders to remain in jail

‘Law remains valid:’ Pastor accused of violating health orders to remain in jail

by Editorial Team
March 5, 2021
Next Post
2021 Fly Fishing Show dates cancelled or postponed due to coronavirus | Hatch Magazine

2021 Fly Fishing Show dates cancelled or postponed due to coronavirus | Hatch Magazine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Martinsville-region COVID-19/coronavirus daily update from state, nation and world: Nov. 26 | Local News

Martinsville-region COVID-19/coronavirus daily update from state, nation and world: Nov. 26 | Local News

November 26, 2020
The ‘Tiger King’ Informant Was My Coworker at Petco

The ‘Tiger King’ Informant Was My Coworker at Petco

May 6, 2020

Categories

  • Beauty
  • Best Auto Parts
  • Birthday Memes
  • Bitcoin Casino
  • Bitcoin Games
  • Blog
  • Breaking News
  • Business
  • Celebrity
  • Dating
  • Education
  • Facebook
  • Fashion
  • Fitness
  • Groove Funnels Review
  • Headphones
  • Health
  • Health & Beauty
  • Indian Living Rooms
  • Indoor Water Fountains
  • Inspired Living
  • Lifestyle
  • Marriage
  • Mind Management
  • Mobile
  • Mortgage
  • MOVIES
  • MUSIC
  • News
  • Nigerian Jobs
  • Relationship
  • Safety
  • Scrunchies
  • Singles & Married
  • Skin Care
  • Social
  • Solar Light Craft
  • Sport
  • Success
  • Technology
  • Thrift Store Crafts
  • Thrifted Home Decor
  • Travel
  • Trending Videos
  • VIDEO
  • Voip Phone Service
  • Y2K Outfits

Don't miss it

The Craziest Shoes at Milan Fashion Week Fall 2021

The Craziest Shoes at Milan Fashion Week Fall 2021

March 5, 2021
Best Movies & TV Shows to Watch on Paramount+ Right Now
Y2K Outfits

Best Movies & TV Shows to Watch on Paramount+ Right Now

March 5, 2021
Students, staff evacuated from Oakland Park school after partial roof collapse
Breaking News

Students, staff evacuated from Oakland Park school after partial roof collapse

March 5, 2021
Best Fly Fishing in New England

Best Fly Fishing in New England

March 5, 2021
‘Law remains valid:’ Pastor accused of violating health orders to remain in jail

‘Law remains valid:’ Pastor accused of violating health orders to remain in jail

March 5, 2021
Wave Of Suits Could Lead To New Era In Crypto Litigation

Musk’s Crypto Tweets Likely Didn’t Violate SEC, CFTC Rules

March 5, 2021

99Newser

We bring you the best breaking news updates, trending news around the globe and other general topics of interest online.....

Favorite Links

  • Contact
  • Terms of Use
  • Privacy Policy

Trending

The Craziest Shoes at Milan Fashion Week Fall 2021

Best Movies & TV Shows to Watch on Paramount+ Right Now

Students, staff evacuated from Oakland Park school after partial roof collapse

Best Fly Fishing in New England

Recent News

The Craziest Shoes at Milan Fashion Week Fall 2021

The Craziest Shoes at Milan Fashion Week Fall 2021

March 5, 2021
Best Movies & TV Shows to Watch on Paramount+ Right Now

Best Movies & TV Shows to Watch on Paramount+ Right Now

March 5, 2021
  • Sitemap
  • Terms of Use
  • Privacy Policy
  • Contact

© 2020 99newser.com

No Result
View All Result
  • Home
  • News
  • Business
  • Celebrity
  • Fashion
  • Design
  • Technology

© 2020 99newser.com