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Binance.US gets greenlight to invest customer assets in Treasury Bills
The post Binance.US gets greenlight to invest customer assets in Treasury Bills appeared on BitcoinEthereumNews.com. The court stipulated that Binance could invest customer funds custodied at BitGo in Treasury Bills maturing along a four-week basis. On July 19, a United States court gave Binance.US the approval to invest customer funds into US Treasury Bills. According to the order handed down by the United States District Court for the District of Columbia, Binance.US will be able to invest “certain” customer funds through a third-party investment manager as long as Binance.US ensures the funds are not being invested back into the company or any of its related entities. The court order also stipulated that Binance.US must produce data outlining any costs associated with maintaining the custodied US treasury investments in its monthly report detailing its business expenses and operations. Read more Source: https://cointelegraph.com/news/binance-greenlight-invest-customer-assets-us-treasury-bills?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
The post Binance.US gets greenlight to invest customer assets in Treasury Bills appeared on BitcoinEthereumNews.com.
The court stipulated that Binance could invest customer funds custodied at BitGo in Treasury Bills maturing along a four-week basis. On July 19, a United States court gave Binance.US the approval to invest customer funds into US Treasury Bills. According to the order handed down by the United States District Court for the District of Columbia, Binance.US will be able to invest “certain” customer funds through a third-party investment manager as long as Binance.US ensures the funds are not being invested back into the company or any of its related entities. The court order also stipulated that Binance.US must produce data outlining any costs associated with maintaining the custodied US treasury investments in its monthly report detailing its business expenses and operations. Read more Source: https://cointelegraph.com/news/binance-greenlight-invest-customer-assets-us-treasury-bills?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
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