Custody rule clarification refers to efforts by regulatory bodies to provide precise guidelines regarding the safeguarding of client assets by financial institutions. These clarifications aim to define what constitutes proper custody, especially for novel asset classes like cryptocurrencies. Such guidance ensures investor protection and operational security within regulated entities.
Context
The key discussion around custody rule clarification in the digital asset space involves adapting existing financial regulations to the unique characteristics of cryptocurrencies. Future developments are likely to focus on harmonizing international standards and establishing clear legal precedents for digital asset ownership and control, impacting how institutions interact with crypto.
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