Official press release from BNY Mellon or verified news sources

BNY Mellon Secures SEC Approval for Bitcoin and Crypto Custody Services

Sep 20, 2024, 05:56 PM

BNY Mellon, America's largest custodian bank, has reportedly received SEC approval to offer Bitcoin custody services and crypto digital assets. This makes BNY Mellon the first institution in the US to get an exemption from the Biden-vetoed SAB 121 accounting rule change.