TradFi giant BNY Mellon secures regulatory exemption for crypto ETF custody services

BNY Mellon is taking significant steps toward entering the crypto custody market, particularly for Bitcoin and Ethereum exchange-traded funds (ETFs), after securing an exemption from the SEC, Bloomberg News reported on Sept. 24. According to the report, BNY Mellon received an exemption from the SEC’s Staff Accounting Bulletin 121 (SAB 121) during a review by […] source: https://cryptoslate.com/tradfi-giant-bny-mellon-secures-regulatory-exemption-for-crypto-etf-custody-services/