BNY Mellon SAB 121 exemption may herald bank Bitcoin custody
Financial institution of New York Mellon, the biggest U.S. custodian financial institution, scored an exemption from a controversial SEC rule which will allow Bitcoin custody. Institutional custody of Bitcoin (BTC) and cryptocurrencies within the U.S. took a step ahead as BNY Mellon was reportedly granted permission to function exterior the Workers Accounting Bulletin No. 121,…
