NYDFS virtual-currency custody and segregation guidance
NYDFS told regulated virtual-currency custodians to segregate customer assets from corporate property, preserve customers' beneficial ownership, control sub-custody arrangements and disclose custody terms. The guidance applied to virtual currency generally, including Bitcoin held by New York-regulated custodians.
NYDFS told regulated virtual-currency custodians to segregate customer assets from corporate property, preserve customers' beneficial ownership, control sub-custody arrangements and disclose custody terms. The guidance applied to virtual currency generally, including Bitcoin held by New York-regulated custodians.
The Bitcoin connection ran through applies to Bitcoin custody providers. Meaningful custody/segregation guidance for regulated virtual-currency entities.