Digital asset custody rules enter public consultation
Draft rules would require segregated client assets and quarterly attestations.
Key points
- Segregated client assets proposed.
- Quarterly attestations required.
- Consultation open for comment.
What happened
Regulators opened consultation on custody rules requiring segregated client assets and quarterly third-party attestations. Exchanges have flagged compliance cost; consumer groups call the draft overdue.
What we know
- The draft text and consultation window are public.
What we don't know
- Whether attestation frequency survives industry comment.
Why it matters
- Custody failures have been the main source of retail losses.
Timeline
20:00
Consultation opens.
How sources differ
Atlas Wire
Notes the draft is narrower than earlier proposals.
Sources & attribution
Industry cost claims.
Draft rule summary.
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