The US Financial Industry Regulatory Authority has stated that brokerages must declare their all activities “related to digital assets such as crypto-currencies, virtual coins and tokens” so that the authority can monitor “developments in the digital asset marketplace” and undertake “efforts to ascertain the extent of involvement related to digital assets.” This policy announcement is timed only shortly after the Department of Justice announcement of a criminal probe into digital currency price manipulation and an investigation by the Commodity Futures Trading Commission into “spoofing” (creating fake demand by creating and canceling orders before they go through) and “wash trading” (creating artificial sales to oneself in order to boost appearance of activity and increase demand/value) allegations on Bitcoin derivatives.
Source: US brokerages must declare all crypto-related activities | Asia Times
