Bank of New York Wins SEC Approval to Hold Bitcoin, Crypto Surges

The Bank of New York (BNY) has received a variance by following the SEC’s Staff Accounting Bulletin No. 121 (SAB 121) guidelines, according to the host of the Thinking Crypto podcast. This variance will allow BNY to hold Bitcoin as part of its business operations. The crypto analyst mentioned that Chris Land, general counsel for The post Bank of New York Wins SEC Approval to Hold Bitcoin, Crypto Surges appeared first on Coin Edition .