How does the advisers act rule 204 2 affect digital currency investments?

1 answers

• KreytocApr 17, 2023 · 2 years ago
  As an expert in the field, I can tell you that the advisers act rule 204 2 has a significant impact on digital currency investments. This rule requires registered investment advisers to follow specific guidelines when it comes to custody of client assets, including digital currencies. The rule aims to ensure that digital assets are held securely and in compliance with the regulations. By requiring advisers to use qualified custodians, the rule helps protect investors from potential risks such as theft or loss of their digital assets. Moreover, the rule also requires advisers to conduct due diligence on the custodian to ensure that they have the necessary security measures in place. This helps minimize the risk of fraud or mismanagement of client assets. Overall, the advisers act rule 204 2 plays a crucial role in promoting investor protection and trust in the digital currency market.
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