Takeaways From Regulators’ Digital Asset Custody Statement

By: Brian S. Korn
– Law360

“The sudden attention to cryptocurrency and digital assets is striking after a few years of uncertainty and a fragmented regulatory environment that has left many investors vulnerable to fraudsters, hacking, lost passwords and unrecoverable assets in blockchain investing. The natural result of a “distributed ledger” is that it is decentralized. Few of the traditional securities and markets investment protections exist in the blockchain and crypto-investing world.”

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