The National Futures Association submitted to the CFTC a proposal to adopt an interpretive notice that would impose new disclosure requirements on member firms engaged in virtual currency activities.
News & Insights
The National Futures Association advised futures commission merchants and introducing brokers to ensure that their anti-money laundering programs comply with OFAC requirements on virtual currency transactions.
The National Futures Association reminded members of their ongoing obligation to update the firm-level section of the annual questionnaire to reflect virtual currency transactions.
The National Futures Association commented on the CFTC's proposed interpretation of the phrase "actual delivery" in relation to retail commodity transactions involving virtual currency.
JP Morgan Securities LLC, a registered futures commission merchant and swap dealer, agreed to pay a civil monetary penalty to settle CFTC charges that it failed to maintain adequate systems for reconciling exchange and clearing fees for trading of Chicago Mercantile Exchange products.