BLOGS. August 21, 2018
New NFA Requirements for CPOS and CTAS Regarding Cryptos
Over the past year, cryptos like Bitcoin, Litecoin, Ethereum, and more have become a massively profitable asset class attracting institutional and retail investors alike. However, due to their rapid integration into the markets, the regulatory framework for cryptos is still in the process of being shaped by regulatory entities worldwide. In response, on July 20, the National Futures Associates (NFA) published Disclosure Requirements for NFA Members Engaging in Virtual Currency Activities. This communication lists a series of items that all Commodity Pool Operators (CPOs) and Commodity Trade Advisors (CTAs) must disclose if they intend to market any virtual currencies to both institutional and retail investors alike, with the key areas addressed being:
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