Bloomberg:

BNY Mellon and other large custodial banks are interested in crypto custody but are hindered by US SEC rule SAB 121, which establishes accounting standards  —  - Coinbase, BitGo have been among the dominant service providers  — SEC rule seen making it impractical for banks to do custody

Bloomberg:

BNY Mellon and other large custodial banks are interested in crypto custody but are hindered by US SEC rule SAB 121, which establishes accounting standards  —  - Coinbase, BitGo have been among the dominant service providers  — SEC rule seen making it impractical for banks to do custody

Source: TechMeme
Source Link: http://www.techmeme.com/240915/p3#a240915p3