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There’s also added complexity in the fact that different regulations might have to be taken into account for different digital assets. While the global regulatory landscape continues to evolve, when a firm retains custody of an asset, some of these questions fall under its responsibility. For example, determining whether a particular asset is considered a security or a commodity, and how it may be treated differently in other jurisdictions, becomes relevant to how it needs to be managed by the firm.
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- Source: https://www.coindesk.com/consensus-magazine/2022/12/28/the-next-wave-of-institutional-digital-asset-adoption/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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