CoinReg Tech proposes multiple regulatory recommendations to the US SEC Cryptocurrency Working Group, including revisions to the Exchange Act rules
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Planet News: Digital asset market regulatory technology provider CoinReg Tech proposed regulatory recommendations to its cryptocurrency working group in a response to the U.S. Securities and Exchange Commission, mainly including: 1. Digital asset securities trading (whether "on-chain" or "off-chain") should follow the same trading reporting requirements as standard securities. 2. Investor protection and market structure issues involving digital asset securities facilitated by off-chain trading on trading platforms should be addressed. 3. The Trading Law rules should be revised to require timely reporting of all transactions considered digital asset securities. 4. CFTC should be jointly authorized to supervise and regulate the Digital Asset Repository Transaction ("DART"), which will record transactions (including those submitted to the public ledger and off-chain transactions) and related customer ownership, regardless of whether digital assets are classified as "securities" or "commodities".
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