The Securities and Exchange Commission (SEC) is tightening rules for cryptocurrency trading to increase investor protection, demanding digital asset operators include risk disclosure in their advertisements and prohibiting them from providing services or supporting deposit taking and lending.
Effective July 31, cryptocurrency exchange operators, brokers and traders must provide a warning about the potential risks associated with trading cryptocurrencies. This change, which has already been published in the Royal Gazette, has been made so investors and traders receive sufficient information about the risks of cryptocurrencies.
