Regulators Say Crypto Asset Holders Subject To Securities Laws

Regulators: Crypto Asset Under Securities Laws |

U.S. financial regulators have warned firms with registered digital assets that they must follow securities laws to prevent money laundering, as well as report any suspicious activity. The U.S. Securities and Exchange Commission, Commodity Futures Trading Commission and the Financial Crimes Enforcement Network issued the notice in order to clarify firms’ obligations under anti-money laundering, bank secrecy and counter terrorist-financing laws when it comes to digital assets.