American crypto-exchanges must register with the SEC

The Securities and Exchange Commission of the United States (SEC) obliged crypto currency exchangers for mandatory state registration.

According to the statement issued by the Commission, all platforms that comply with safety standards must register "as a national stock exchange or free from registration."

This initiative was a step towards equating crypto-exchange exchanges with traditional exchangers within the framework of the law.

SEC: all crypto-exchanges must be registered

Subjects acting as an alternative trading system are also required to register as a broker-dealer and enter into a self-regulatory organization.

In a statement, the Commission warns users about trading platforms that are not regulated by government bodies, but who represent themselves to clients as exchanges.

Such actions on the part of the crypto-exchange sites can create a false impression on their clients about the compliance of the exchanger with the legal norms of the country.

The SEC noted that it acts in the interests of investors, seeking to protect them and prevent fraud and the use of manipulative trading methods in the digital currency market, reports The Cointelegraph.

Author: Vasilisa Ming, Analyst Freedman Club Crypto News

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