SEC Announces Cryptocurrency Exchanges Must Register with their Agency
The SEC released an announcement yesterday regarding “exchanges” trading assets that meet the definition of a “security” under the federal securities laws. In particular, if a platform offers the trading of digital assets that are securities and operates as an “exchange,” as defined by the federal securities laws, then the platform must register with the SEC as a national securities exchange or be exempt from registration.
Read the full announcement by the SEC here.
If your company employs new technologies to develop trading platforms, talk with an Alpine Law CryptoCurrency Attorney Expert today to understand the impact of this announcement to your business.