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Class customers’ digital tokens as debt, SEC tells cryptocurrency exchanges
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fnlondon.comWASHINGTON — Publicly traded cryptocurrency exchanges would have to report their customers’ digital tokens as liabilities on their balance sheets under guidance released on 31 March by the Securities and Exchange Commission.
The guidelines are designed to introduce consistency to the way crypto-trading platforms account for their holdings of assets like bitcoin on behalf of customers, SEC officials said.
While...
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