Before those numbers get even bigger (and more enticing for the bad guys), it is well past time to refine the cybersecurity standards for qualified custodian designation. Right now, the designation accompanies trust or banking licensing, overseen by state and federal regulators. These are financial regulators largely focused on traditional banking, not cybersecurity experts, and certainly not crypto experts. They understandably focus on balance sheets, legal processes, and other financial operations.

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• Source: https://www.coindesk.com/consensus-magazine/2024/01/11/the-biggest-bitcoin-etf-threat-no-one-is-talking-about/?utm_medium=referral&utm_source=rss&utm_campaign=headlines