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

avatarLucas Barreto CaramuruDec 24, 2021 · 3 years ago1 answers

Can you explain in detail what the de minimis rule is and how it affects investment advisers in managing cryptocurrency portfolios?

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

1 answers

  • avatarDec 24, 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.