Global accounting firm KPMG says that robust custodial practices are crucial for promoting Bitcoin adoption among institutions and businesses. In a recent report, KPMG emphasized the importance of custodians in safeguarding Bitcoin holdings and highlighted the need for strong security frameworks to address emerging threats. The report also stressed the role of custodians in supporting the growth of Bitcoin exchange-traded funds (ETFs) and called for transparent practices and adherence to regulatory compliance. KPMG warned that custodians must stay ahead of evolving threats and adapt to new challenges in the Bitcoin landscape.
- Content Editor ( cryptoslate.com )
- 2024-09-18
KPMG calls for stronger custodial practices to boost Bitcoin adoption