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TradFi giant BNY Mellon secures regulatory exemption for crypto ETF custody services – TON BOT

TradFi giant BNY Mellon secures regulatory exemption for crypto ETF custody services

BNY Mellon is entering the crypto custody market for Bitcoin and Ethereum ETFs after receiving an SEC exemption from treating customer crypto holdings as corporate liabilities. This move could disrupt Coinbase’s dominance and enhance competition among traditional banks in crypto custody. However, regulatory challenges remain a concern for BNY Mellon.


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