The Financial Industry Regulatory Authority (FINRA) has created a new section on its website dedicated to cryptocurrency. The section provides information on the classification of crypto assets, the risks of trading them, and investor protections. FINRA emphasizes that the legal status of crypto assets depends on applicable laws and that some may qualify as securities, commodities, or other types of assets. The regulatory framework for crypto assets is incomplete, and many crypto transactions lack the protections of securities laws. FINRA also highlights the risks associated with crypto assets and provides links to educational resources and other regulatory agencies.
- Content Editor ( thecryptobasic.com )
- 2024-11-22
FINRA Launches New Crypto Resource Section on Risks and Investor Protections