Advertisement     The New York Department of Financial Services has released a new guideline to regulate how firms handle customer assets. The department takes the bu...
Tag: commingling
Crypto Custodians ‘Commingling’ Funds Caused Chaos
The crypto sector continues to clash heads with regulators over stringent regulatory measures. This time, the topic of discussion is the commingling of users’ funds locked in crypto custodians. Regula...
New York Regulators Warn Crypto Companies Against Commingling Customer Funds
Crypto companies were put on notice on Monday when New York regulators issued a new warning about how to properly handle their customers’ digital assets. In an open letter addressed to the indus...
NYDFS reminds crypto custodians of laws prohibiting commingling of funds
New York Department of Financial Services (NYDFS) Superintendent Adrienne Harris reminded licensed crypto custodians in the state of their fiduciary duty to ensure customer funds are not commingled wi...