The US Securities and Exchange Commission (SEC) has decided to intensify its regulatory checks in the cryptocurrency industry next year due to the higher risk and growing size of the market, a compliance examination program for 2019 released on Thursday showed.
The SEC Office of Compliance and Examinations named digital assets as one of the top six priorities because the Commission’s inspectors identified several problematic areas during their work with crypto companies this year. The SEC is concerned about custody and safekeeping issues, “dramatic” price volatility, valuation of the services, misleading or omitted disclosures related to the complexity of distributed ledger technology and the various blockchain-based market products.
“In particular, through high level inquiries, OCIE will take steps to identify market participants offering, selling, tr...
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