United States:
US Corporate Law News: New Disclosure Requirements For Virtual Currency Futures
13 August 2018
Withers LLP
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The National Futures Association will begin requiring brokers
and other financial professionals to provide customers with
enhanced disclosures and warnings about the risks associated with
virtual currency products and trading. The substance of these
disclosures will include risks about volatility and price
discovery, pseudonymity, the potential for market manipulation, and
the lack of regulatory oversight of real-time virtual currency
trading. It is expected that different disclosure requirements will
be placed on commodity pool operators and commodity trading
advisers in one group, and introducing brokers and futures
commission merchants in another. For more information, visit: https://www.bna.com/virtual-currency-futures-n73014481104/
The content of this article is intended to provide a general
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