KPMG: “A More Robust Custodian Framework Needed to Expand BTC Adoption”

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According to Cryptoslate, the global Big Four accounting firm KPMG has released a report emphasizing the need for strong practices related to Custodians to drive the adoption of Bitcoin. The report states that "Custodians play a crucial role in protecting Bitcoin. They are essential for the growth of the industry. Due to the decentralized nature of Bitcoin, users can control their assets, but face difficulties in managing the cryptographic keys. Custodians help reduce this complexity and risk, facilitating the influx of new investors." The report further explains that "Custodians must have a robust framework to address internal and external threats."

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