New Rules Issued by the National Futures Association for BTC And ETH

National Futures Association Has Released New BTC and ETH Regulations

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.