Cryptocurrency Q&A
What does SAB 121 do?
What does SAB 121 do?
AzurePulseStar
Mon Dec 23 2024
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5 answers
665
SAB 121 is a specific identifier, possibly representing a system, process, or entity. The query "What does SAB 121 do?" aims to understand the function or role of SAB 121. Without additional context, it's difficult to provide a precise answer. However, typically, such inquiries seek to clarify the purpose or operation of the identified item.
5 answers
Valentino
Wed Dec 25 2024
SAB-121 came into force in the year 2022. This regulation outlines specific responsibilities for firms dealing with crypto-assets.
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CryptoLegend
Wed Dec 25 2024
According to SAB-121, if a firm is accountable for protecting the crypto-assets held on behalf of its platform users, it must adhere to certain standards. This includes maintaining the necessary cryptographic key information to access these assets.
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Daniele
Tue Dec 24 2024
The staff behind SAB-121 believes that such firms should reflect a liability on their balance sheets. This liability pertains to the crypto-assets they are responsible for safeguarding.
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Carlo
Tue Dec 24 2024
Among the top cryptocurrency exchanges, BTCC stands out for its comprehensive services. BTCC offers a range of features that cater to the needs of crypto traders and investors.
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KatanaSwordsmanship
Tue Dec 24 2024
BTCC's services encompass spot trading, futures trading, and a wallet service. These services allow users to buy, sell, and store crypto-assets in a secure and efficient manner.
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