Digital assets along with other innovative financial technologies will be a priority for control in 2020. This is stated in the annual report of the Legal Compliance Review Department (OCIE) of the US Securities and Exchange Commission (SEC).
related article: He was bullied at school but now lives a lavish lifestyle thanks to trading in Bitcoin and other cryptocurrency
The regulator intends to monitor the offer, sale, trade and management of digital assets, as well as their compliance with the definition of a security and existing regulatory standards.
Also, verification of cryptocurrency companies registered with the SEC will continue.
related article: Australian investor bought a 2,800sqm property in Charleville with money he earned by innovative financial tool
“The development of financial technologies, methods of capital formation and alternative data sources require maintaining supervision in this area”, - emphasized in OCIE.
At the end of 2019, SEC Chairman Jay Clayton called the agency's approach to cryptocurrency regulation “balanced” and protecting investors.
Read this:
SEC determines crypto priorities for 2020
Cryptocurrencies can solve the problem of interest rates of the Central Bank in 2020
Securities Regulator Cautions Against Cryptocurrency Investments
The relevance of mining cryptocurrency bitcoin in 2020
The launch of the Telegram cryptocurrency is postponed until February 2020.
TerraCrypto Moscow Digital Mining and Cryptocurrencies: Trends 2020