bitcoin and litecoin 1xbet
Blockchain

US: Crypto Is Among SEC’s Top Examination Priorities for 2019

Cryptocurrencies are one of the United States Securities and Exchange Commission’s (SEC) top examination priorities this year, according to an official statement announced by the commission Dec. 20.

In the SEC’s Office of Compliance Inspections and Examinations (OCIE) recent report, digital assets — specified as  cryptocurrencies, coins and tokens — are included among the six “themes for OCIE’s 2019 Examination Priorities.”

The report states that the the office is planning to focus on monitoring the emerging market and enforcing compliance with existing laws:

“OCIE will continue to monitor the offer and sale, trading, and management of digital assets, and where the products are securities, examine for regulatory compliance.”

In terms of other goals of the office’s examination of crypto, the document also declares:

“In particular, through high level inquiries, OCIE will take steps to identify [cryptocurrency] market participants.”

The report states that the office will examine portfolio management of digital assets, trading, safety of client funds and assets, pricing of client portfolios, compliance and internal controls of crypto companies.

As Cointelegraph reported in December of last year, SEC Chairman Jay Clayton has said that initial coin offerings (ICOs) “can be effective” but that “securities law must be followed.” Also, according to Clayton, ICOs operate in a way that grants substantially less investor protection than that of traditional equities and fixed income markets.

In October, the SEC reportedly launched the agency’s Strategic Hub for Innovation and Financial Technology (FinHub). The hub aims to facilitate the SEC’s engagement in fintech-related fields, including distributed ledger technology and digital assets.

Let’s block ads! (Why?)

Choose Which Assets to Trade
Deposit
Receive

Bitcoin Market Price Chart in RealTime

Source: Cointelegraph News

loading...


Get News Update Daily - It is Your Right


Most Trending News On Sleekarena

Sofia Richie PIC EXC: Model showcases toned figure in tiny pink bikini in Mexico with Scott Disick

Bitcoin Falls Under $5,300 Again as Top Altcoins See Losses

Lady Victoria Hervey looks dazzling in a pink bejewelled bikini in Barbados

The Queen hit with an egg by protestors yet made a very unexpected joke about the drama

Is it safe to visit Sri Lanka? Travel warning as EIGHT explosions kill over 200 people

loading...
To Top