SEC report: examining cryptocurrencies is a priority in 2019

The evaluation of the OCIE will include the sale, trade, as well as the management of cryptocurrencyassets. He also plans to pay special attention to the cryptos considered as values.

The Office of Compliance Inspections and Examinations (OCIE) of the Securities and Exchange Commissionof the United States (SEC) included the cryptocurrency market as one of the sixcentral points of its monitoring activities. compliance for 2019.

According to a report entitled “2019 Analysis Priorities,” OCIE says it plans to highlight events in the cryptocurrency. An excerpt from the report related to cryptocurrencies says:

Given the significant growth and risks that arise in this [cryptographic] market, OCIE will continue to monitor the supply and sale, trade and management of digital assets and, when the products are securities, will examine regulatory compliance. In particular, through high-level consultations, OCIE will take measures to identify market participants that offer, sell, market and manage these products or actively consider or seek to offer these products and then evaluate the scope of their activities.

To this end, OCIE plans to examine the activities of companies that operate in the digital asset market. This exam will cover the sale, trade, as well as cryptocurrency asset management. OCIE also plans to pay special attention to the crypts considered as values.

It’s not new: Commenting on the approach for 2019, Pete Driscoll, Director of OCIE, said:

OCIE stands firm in its commitment to protect investors, ensure market integrity and support responsible capital formation through risk-focused strategies that improve compliance, prevent fraud, monitor risk and inform policy .

So, identifying the virtual currency market as a priority is not new to OCIE. In 2018, the emerging market was also part of its agenda. However, the mandate for 2019 seems to be an extension of last year’s goal, which focused mainly on risk and security.


Disclaimer: InfoCoin is not affiliated with any of the companies mentioned in this article and is not responsible for their products and / or services. This press release is for informational purposes information does not constitute investment advice or an offer to invest.

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