021-19 Wyo. Code R. §§ 19-12 - Digital Asset Lending Based on Customer Instructions
(a) Based only on customer instructions and
authority, consistent with
W.S.
34-29-104 and section 4 of this chapter, a
bank may undertake digital asset lending. Digital asset lending shall exclude
rehypothecation of digital assets, consistent with
W.S.
34-29-104(k) and subsection
(g) of section 5 of this chapter.
(b) Digital asset lending shall be restricted
solely to the department of the bank providing custodial services and shall not
extend to any other functions of the bank which are not required for custodial
services.
(c) Bank-owned assets or
customer depository accounts shall not be involved in digital asset lending,
except that the bank may accept deposits of customer funds related to digital
asset lending.
Notes
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