ADDITIONAL BUSINESS ACTIVITIES; FOREIGN OR INTERNATIONAL EXPANSION

004 ADDITIONAL BUSINESS ACTIVITIES; FOREIGN OR INTERNATIONAL EXPANSION. 004.01 Digital asset depositories shall obtain prior approval from the Director before conducting any business activities that were not a part of the depository’s original application, or that expand any pre-existing business activities of the depository into new foreign markets or jurisdictions. Such prior approval must be made on a form prescribed by the Director. 004.02 The Director may approve, conditionally approve, or deny such request to conduct other business activities, as may be required to ensure the depository’s ongoing safety and soundness, or as may be determined by the Director to be in the public interest.