BNY Mellon Cleared For Bitcoin Custody And Institutional Crypto Services

In a significant development for Bitcoin (BTC), the broader crypto market and the traditional banking industry, BNY Mellon has been identified as the first bank to receive an exemption from the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121. Unchained first reported the announcement during a Wyoming Select Committee on Blockchain, Financial Technology, and Digital