New York Regulators Warn Crypto Companies Against Commingling Customer Funds The New York Department of Financial Services released a set of guidelines for safeguarding digital assets. Crypto companies were put on notice on Monday when New York regulators issued a new warning about how to properly handle their customers' digital assets. In an open letter addressed to the industry, the New York Department of Financial Services (NYDFS) outlined how customer assets should be separated from each other, how they should be used by custodians, and how to maintain the proper disclosures required when holding on to digital assets for clients.
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