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Trading Platforms

All articles tagged with #trading platforms

cryptocurrency2 years ago

DOJ Vows to Crack Down on Crypto Exchange Misconduct: FT

The head of crypto enforcement at the US Department of Justice (DOJ), Eun Young Choi, has pledged to crack down on illicit behaviour on trading platforms, targeting those that allow "criminal actors to easily profit from their crimes and cash out." The DOJ is focusing on businesses that sidestep anti-money laundering or know-your-customer rules or who do not engage in thorough compliance and risk mitigation. The National Cryptocurrency Enforcement Team (NCET) also aims to bring more enforcement actions against investment scams, which Choi describes as "pig butchering" schemes.

via CoinDesk|
#anti-money-laundering#crypto-enforcement#cryptocurrency
finance2 years ago

Congressional Republicans Challenge SEC Chair Gensler's Crypto Policies and Testimony.

Republicans on the House Financial Services Committee have criticized the Securities and Exchange Commission (SEC) Chair Gary Gensler's approach to digital asset regulation and his attempts to force digital asset trading platforms to register under the national securities exchange (NSE) framework. The Republicans have urged Gensler to work with Congress to develop clear rules for digital assets that foster innovation and protect investors. They argue that the current NSE framework is ill-suited for digital asset trading platforms, and the lack of clarity provided by the SEC as to what digital assets are considered securities limits what an NSE can list.

via House Financial Services Committee|
#congress#digital-assets#finance
finance2 years ago

SEC Revisits Exchange Definition and Seeks Feedback on DeFi Oversight

The SEC has reopened the comment period and provided supplemental information on proposed amendments to the definition of "exchange" under Exchange Act Rule 3b-16, including the applicability of existing rules to platforms that trade crypto asset securities. The reopening release also requested information and public comment on crypto asset securities trading on such systems and certain aspects of the proposed amendments applicable to all securities. The public comment period will remain open for 30 days after publication of the reopening release in the Federal Register.

via SEC.gov|
#crypto#finance#regulations