The U.S. Securities and Exchange Commission (SEC), the regulatory authority for capital markets in the United States, issued an official investor alert on cryptocurrency custody on December 12, directed at individual investors.
The document, presented in an objective and educational manner, explains how major cryptocurrency storage models work and the risks associated with each, without establishing new rules or regulatory obligations 📄
🔑 The guidance focuses on the concept of cryptocurrency custody, which refers to how investors hold and access their digital assets. The SEC emphasizes that digital wallets (wallets, or programs, or access devices) do not store the cryptocurrencies themselves, but rather the private keys that enable their transfer on the blockchain (blockchain) 🌐
📌 The bulletin differentiates between major custody models. In the self-custody model, the investor retains direct control over the private keys, ensuring complete independence, but also assumes full responsibility for security, storage, and recovery.
#FOMCWatch #SECApprov #SECCryptoAccounting #SEC
$SUI
$BTC
$ETH
The document, presented in an objective and educational manner, explains how major cryptocurrency storage models work and the risks associated with each, without establishing new rules or regulatory obligations 📄
🔑 The guidance focuses on the concept of cryptocurrency custody, which refers to how investors hold and access their digital assets. The SEC emphasizes that digital wallets (wallets, or programs, or access devices) do not store the cryptocurrencies themselves, but rather the private keys that enable their transfer on the blockchain (blockchain) 🌐
📌 The bulletin differentiates between major custody models. In the self-custody model, the investor retains direct control over the private keys, ensuring complete independence, but also assumes full responsibility for security, storage, and recovery.
#FOMCWatch #SECApprov #SECCryptoAccounting #SEC
$SUI
$BTC
$ETH
