Crypto custody faces regulatory death-roll

New measures to safeguard digital assets threaten to squeeze the life out of custody business, insiders fear

Credit: montage

Banks stake their reputation on being able to keep your cash safe. But the custody of digital assets like bitcoin or tether is a riskier proposition.

So risky, in fact, that US regulators have issued guidelines that would force banks to hold punitive levels of capital against these digital assets—in effect “killing” crypto custody, say experts.

The accounting guidance is part of a wider squeeze on the crypto industry by US authorities who have been stung into action by last year’s failure of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

If you already have an account, please sign in here.

The Cusip lawsuit: A love story

With possibly three years before the semblance of a verdict is reached in the ongoing class action lawsuit against Cusip Global Services and its affiliates, Reb wonders what exactly is so captivating about the ordeal.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here