NFA set an effective date of May 31, 2023 for recently adopted rules which establish requirements applicable to firms engaging in "digital asset commodity" activities.
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NFA submitted for adoption a CFTC compliance rule to implement anti-fraud, trading, and supervisory requirements for firms engaging in digital asset commodity activities.
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.
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.