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US Corporate Law News: new disclosure requirements for virtual currency futures

5 August 2018 | Applicable law: US

The National Futures Association will begin requiring brokers and other financial professionals to provide customers with enhanced disclosures and warnings about the risks associated with virtual currency products and trading. 

The substance of these disclosures will include risks about volatility and price discovery, pseudonymity, the potential for market manipulation, and the lack of regulatory oversight of real-time virtual currency trading. It is expected that different disclosure requirements will be placed on commodity pool operators and commodity trading advisers in one group, and introducing brokers and futures commission merchants in another.

For more information,  see here.

This article was written with contributions from Nabeela Latif.

This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.

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