Crypto custody business: wevest strives for BaFin approval

The Berlin asset management company wevest Digital AG wants to apply for a BaFin approval for the custody business of crypto-assets. With this announcement, wevest is reacting to the recently published bill of the German government. It proposes to include the crypto custody business in the German Banking Act (KWG)….

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SEC issues guidance on custody of digital asset securities

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) market regulator on Monday issued a notice on broker-dealer custody of digital asset securities, amid industry requests for clarity on whether they can hold such assets under federal securities laws. The SEC’s statement, issued in conjunction with the general counsel…

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