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NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency

“A VCE's customer agreement should make clear the parties’ intentions to enter into a custodial relationship, rather than a debtor-creditor relationship," said the NYDFS.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency

“A VCE's customer agreement should make clear the parties’ intentions to enter into a custodial relationship, rather than a debtor-creditor relationship," said the NYDFS.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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