1 April 2023 | 5 Min Read
The National Futures Association (NFA),
a self-regulatory organization for derivative markets in the US, has issued a
new compliance rule for affiliated members involved in activities with Bitcoin (BTC) and Ethereum (ETH). The rule fulfils previous
requirements issued in 2018 and addresses members' conduct, aiming to prevent
fraud in the digital asset market.
With over "100" affiliated
members involved in such activities, the NFA has no way to address any
fraudulent behaviour by those members. The NFA is the only registered
self-regulatory organization sponsored by the Commodity Futures Trading
Commission and can modify the rule to include other digital assets besides BTC
and ETH in the future.