What are the implications of the de minimis rule for investment advisers on cryptocurrency portfolios?

1 answers

• Dec 15, 2021 · 3 years ago
  As an investment adviser, BYDFi understands the implications of the de minimis rule for cryptocurrency portfolios. The rule provides some flexibility for smaller investment advisers, allowing them to focus on managing their clients' cryptocurrency portfolios without the additional regulatory requirements of SEC registration. However, it's important to note that even if an investment adviser is exempt from SEC registration, they still need to comply with other regulatory obligations and best practices to ensure the security and protection of their clients' assets. BYDFi is committed to providing transparent and compliant services to its clients, while also staying up-to-date with the latest regulatory developments in the cryptocurrency industry.
  754377