U.S. Finance Watchdog Takes Aim at Cryptocurrency

The Financial Industry Regulatory Authority (FINRA), a self-regulatory body for broker-dealersm has released a regulatory notice to mandate its member to notify the authority if  they engage in any cryptocurrency activity.

Though the notice outlines what constitutes cryptocurrency activities, it does not detail how FINRA would use these disclosures nor does its website show any explanation. Since the self-regulatory body focuses on protecting retail investors in all financial markets, it can be assumed that the disclosures would help in this goal.

via U.S. Finance Watchdog Takes Aim at Cryptocurrency.