THELOGICALINDIAN - The Balance and Exchange Commision SEC has issued a new address admonishing about the dangers of able crypto exchanges and declared that all trading platforms exchanging agenda assets that are advised balance mustregister with the SEC
On March 7, 2018, the U.S. Securities and Barter Commision (SEC) appear a new report apropos the accepted accompaniment of cryptocurrency exchanges and the abeyant risks for investors. The address states that some ICOs, agenda assets, and cryptocurrencies could be classified as “securities” and appropriately anniversary trading platforms that barter them charge annals with the SEC and accede with all-important regulations. The address states:
The SEC is anxious that altered parties could conduct illicit or counterfeit trading through un-registered exchanges that barter these “securities”. Even if an barter alone allows trading of high-quality cryptocurrencies, the SEC or added authoritative agencies do not ascendancy which bill are eligible for trading.
The address additionally warns that best cryptocurrency exchanges may not absolutely accede with all authoritative measures and may not action able abutment or aegis in the accident that the barter gets afraid or users lose funds. The trading engines of cryptocurrency exchanges may additionally not agreement to accommodate accurately trading abstracts if they are not registered and advised by the SEC.
The SEC additionally advises investors and traders to appropriately analysis if a cryptocurrency barter is registered, regulated, reliable and accessible to all users.
What are your thoughts on SEC’s new appear report? Do you anticipate that all cryptocurrency exchanges should annals with the SEC? Let us apperceive in the comments below!
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