SEC schedules hearing for cryptocurrency trading : vimarsana

SEC schedules hearing for cryptocurrency trading


SEC schedules hearing for cryptocurrency trading
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Move to assess risk tolerance of investors
published :
15 Feb 2021 at 04:30
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The Securities and Exchange Commission (SEC) is conducting a public hearing this month to determine qualifications for investors wanting to open a cryptocurrency trading account.
New investors are flocking to the cryptocurrency market, says SEC secretary-general Ruenvadee Suwanmongkol.
The qualifications for cryptocurrency traders are to ensure new retail investors opening crypto trading accounts have sufficient financial buffers to absorb risk from volatile price swings.
The SEC's concerns over investors' financial safety rose following the surge in cryptocurrency prices during the past few months and the rapid increase in the number of new accounts on local digital exchanges and intermediaries.

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