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.
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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 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 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.
NFA reminded futures commission merchants, introducing brokers, CPOs and CTAs of their ongoing disclosure and reporting requirements when engaging in virtual currency activities.