The Securities and Exchange Commission (SEC) of the United States has said that, going ahead, cryptocurrency exchanges must handle the digital assets of their customers as if they were their own liabilities.
Cryptocurrency Exchanges have to Protect Digital Assets
As stated in a recent warning, the SEC warns that cryptocurrency trading platforms that protect digital assets pose risks that are distinct from those faced by conventional financial services.
Crypto is referenced As Entity A
It is anticipated that crypto platforms will begin revealing the kind and quantity of cryptocurrency assets held by its customers in business accounts by June 15th, according to the SEC.
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