Three financial regulators in the United States have issued a warning to investors in one of their retirement accounts considering that they have an open encrypted loan currency.
In a notice on February 7th, the Securities and Exchange Commission's Office of Investor Education and Promotion and the Financial Industry Regulatory Authority of the North American Securities Regulatory Industry Association indicated that self-directed retirement accounts may include potentially risky assets, including encrypted loan currencies. According to these institutions, some of the above IRA may give open access to encrypted assets that qualify for securities "without any SEC application for registration or reasonable exemption from application for registration" and do not provide the information needed to make informed project investment determination.
"some self-directed IRA may invest in 'encrypted assets' such as' digital currency', 'coin' and 'token'," the notice said. " "many of these encrypted asset trading sites call themselves' trading centers', which may give investors the impression that these people are applying for registration with SEC."
Many lawmakers and regulators have focused on investing in login password projects, both in and out of retirement accounts, after the company filed for bankruptcy the previous year and numerous fraud cases such as its former FTXCEO, Rob Bankman-Fried. In November, New York State Attorney General Letitia James proposed that investment in encryption projects in fixed payment plans and IRA be banned. But Cynthia Loomis, a congressman who uses encryption, said last December that she still wanted to see BTC (BTC) included in the 401 (K) retirement plan.
The uncertainty surrounding what the new login password project is called securities, or its position in U. S. regulatory rules, has led to criticism from many companies operating in the market. In December, Nexo, a password-lending company, announced plans to phase out projects in the United States after 18 months of discussions with regulators.
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