From: Finance Magnates
Relevant activities include mining and acceptance of cryptocurrency from customers.
The Financial Industry Regulatory Authority, a self-regulatory body of the American financial industry that is subordinate to the Securities and Exchange Commission, has published a notice encouraging its member firms to notify it if they engage in or intend to engage in any activities related to cryptocurrency.
FINRA regulates trading in financial derivatives such as securities, futures, options, and so on. Finance companies in the US are required to be regulated; FINRA is one of the options.
It’s interesting to see FINRA urging companies to disclose their involvement in cryptocurrency-related activities, especially as the crypto sector continues to grow. This emphasis on transparency could impact platforms like ledger live, where users manage and track their crypto assets. Ensuring that companies engaging with crypto are monitored aligns with the regulatory trend of tightening oversight. For anyone dealing with crypto, staying updated on these regulatory changes is crucial to ensure compliance and security in a rapidly evolving financial landscape.