This doesn't even make sense you absolute fukking idiot. You don't know what you're talking about. Sellotape a plastic bag over your head and do us all a favour this new year. dikkhead.
New York Department of Financial Services (NYDFS) Superintendent Adrienne Harris reminded licensed crypto custodians in the state of their fiduciary duty to ensure customer funds are not commingled with their own assets...Commingling is when a fiduciary does not segregate its own assets from the funds that it holds on behalf of its customers. Commingling is a breach of trust in the financial markets and has been linked with the FTX collapse. FTX CEO John Ray previously testified before the U.S. Congress that FTX and its sister trading firm Alameda Research ran commingled accounts.
Crypto custodians must adhere to the same accounting best practices as their traditional finance counterparts, the guidance stated. As such, they must ensure the segregation of their assets from customer deposits.
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