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Recent Notes
United States banks can now officially hodl Bitcoin.
The SEC's Accounting Bulletin No. 121 required banks to treat Bitcoin as a liability, making it costly and impractical. Today’s repeal means banks can buy and custody Bitcoin, like other assets.
The SEC's Accounting Bulletin No. 121 required banks to treat Bitcoin as a liability, making it costly and impractical. Today’s repeal means banks can buy and custody Bitcoin, like other assets.
JUST IN: The SEC has rescinded SAB 121, clearing the way for financial institutions to custody Bitcoin.
SAB 121 had required banks to treat customer-held crypto as liabilities, imposing heavy capital requirements.
Its removal now encourages banks to offer BTC custody services
SAB 121 had required banks to treat customer-held crypto as liabilities, imposing heavy capital requirements.
Its removal now encourages banks to offer BTC custody services
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BlackRock CEO Larry Fink says "I want the SEC to rapidly approve the tokenisation of bonds and stocks."
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A special Pasta!
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Bitcoin Standard...
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