"US Treasury Discusses Custody of Strategic Reserves with Virtual Asset Custody Companies"
JH Kim
Summary
- The US Treasury Department reported discussions with virtual asset custody companies about collaborating on strategic reserve custody.
- The discussions included best practices for the custody of Bitcoin (BTC) and digital asset reserves.
- They reviewed how reserve custody could impact stablecoins and market structure.
According to Decrypt, a virtual asset (cryptocurrency) specialized media, on the 13th (local time), the US Treasury Department met with executives from three virtual asset custody companies, including Anchorage Digital, this week to discuss the custody of strategic reserves.
Nathan McCauley, CEO of Anchorage Digital, said regarding this matter, "The Treasury asked about best practices for the custody of Bitcoin (BTC) and digital asset reserves," adding, "We also discussed how the custody of reserves could affect stablecoins and market structure."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
