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BNY Mellon Gets Green Light to Offer Bitcoin Custody Services

  • BNY Mellon has reportedly received SEC approval to offer crypto custody services for institutional clients.
  • The approval is seen as a significant step toward broader institutional acceptance of cryptocurrencies.
  • BNY Mellon will work with state regulators for asset protection in case of bankruptcy.
  • There is growing institutional adoption of crypto, with BlackRock and other leading TradFi companies embracing Bitcoin and blockchain technology.

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