Right now, crypto trading and lending platforms routinely offer custody for crypto customers, but they're not “qualified custodians” under this rule.
Right now, crypto trading and lending platforms routinely offer custody for crypto customers, but they’re not “qualified custodians” under this rule. An appropriate custodian under SEC’s regulations would generally mean a chartered bank or trust company, a broker-dealer registered with the SEC or a futures commission merchant registered with the Commodity Futures Trading Commission (CFTC).
www.coindesk.com