The new rules require digital asset business operators that have custody of clients’ digital assets to establish a digital wallet management system to facilitate efficient custody of digital assets and cryptographic keys, ensuring the safety of clients’ assets.
The Securities and Exchange Commission (SEC) has issued a notification requiring digital asset business operators that have custody of customers’ digital assets to have a digital asset wallet management system to store digital assets and cryptographic keys.
The digital wallet management system is meant to facilitate efficient custody of digital assets and keys and ensure the safety of clients’ assets.
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