The U.S SEC’s Office of Compliance Inspections and Examinations (OCIE) has declared its plans for regulating cryptocurrency in the country.

The SEC released a report outlining the risk that the upcoming digital asset market can create for retail investors. The report also added that, because of these risks, OCIE will continue to identify and examine SEC-registered market participants involved in the crypto space.

The report also added that, the examinations will assess portfolio management, investment suitability and trading practices. The safety of client’s funds and assets, pricing and evaluation, the effectiveness of client’s programs and controls, and supervision of employees will all be assessed as well.

Regulators around the world are continuously cracking down on crypto-related businesses. For instance, last year, China officially announced to crack down on crypto businesses. The European lawmakers are also about to implement a law that will make KYC and AML policies more strengthened. This forced many companies to shut down as they did not want to tamper with the privacy of their users.

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