The SECGov's guidance to account crypto assets held by banks on behalf of customers as liabilities could be 'prohibitively costly' for lenders, according to a report. By iamsandali
all U.S.-listed public companies that function as crypto custodians should account for their crypto exposure as liabilities instead of assets on their balance sheets and disclose risks associated with those liabilities to investors. The custody of crypto assets by lenders presents unique technological, legal and regulatory risks compared with other assets, the SEC guidance said.
Accounting for crypto held on behalf of their clients as liabilities is particularly harsh on banks because they are required to hold cash to match liabilities on their balance sheets, according to the report published on Friday. An unnamed European bank looking to offer crypto custody services in the U.S. was quoted in the report as saying it would be"prohibitively costly" to do so under the new guidance.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
U.S. SEC's crypto guidelines push up costs for lenders, disrupting projectsBanks' cryptocurrency projects have been upended by U.S. Securities and Exchange Commission (SEC) accounting guidance that would make it too capital-intensive for lenders to hold crypto tokens on behalf of clients, according to more than half a dozen people with knowledge of the matter.
続きを読む »
HSBC's CEO Explains Why Crypto Is Not in the Banking Giant's Future – Finance Bitcoin NewsBanking giant HSBC will not be offering crypto services, CEO Noel Quinn said, adding that HSBC is more negative on crypto than other banks.
続きを読む »
Projected U.S. drought extremes through the twenty-first century with vapor pressure deficit - Scientific ReportsScientific Reports - Projected U.S. drought extremes through the twenty-first century with vapor pressure deficit
続きを読む »
U.S. Senate to grill SEC's Gensler over climate, China and cryptoAn aggressive regulator is critical to maintaining the United States as the 'gold standard' for capital markets, U.S. Securities and Exchange Commission (SEC) chair Gary Gensler will tell the U.S. Senate Banking Committee on Thursday.
続きを読む »
Ripple's General Counsel Takes Aim at Gensler After His Supreme Court RemarkRipple's Stuart Alderoty took dig at SEC Chair Gary Gensler after latter's testimony before U.S. Senate Banking Committee
続きを読む »