The Securities and Exchange Commission said Monday that firms hoping to adapt bitcoin’s technology to uses such as raising capital for private companies could satisfy regulators’ concerns. Other cryptocurrency start - ups offering non - custodial services would soon be granted brokerage licences , according to a statement from the SEC and the Financial Industry Regulation Authority . The SEC said its requirements to have independent , third - party repositories for client assets still applied to companies offering wider services , including holding clients ' securities , amid security concerns surrounding the crypto industry .
Other cryptocurrency start - ups offering non - custodial services would soon be granted brokerage licences , according to a statement from the SEC and the Financial Industry Regulation Authority . The SEC said its requirements to have independent , third - party repositories for client assets still applied to companies offering wider services , including holding clients ' securities , amid security concerns surrounding the crypto industry .