US SEC Insists Companies to Account for Risks Related to Crypto
The US Securities and Exchange Commission (SEC) – urged local companies that provide crypto services to disclose the associated risks with such operations to clients. The agency warned investors to be utterly cautious when delving into the asset class as they could experience a financial loss.
The US SEC issued guidance to a wide range of entities, including cryptocurrency-related companies, to explain in detail the essence of their operations and reveal the potential risks to customers.The watchdog reminded that there is no explicit standard for safeguarding digital assets, and as such, they should be considered a liability on firms’ balance sheets.
Source
https://t.me/CryptoWorldAnalysis
