Feb 16, 2018 | News

NFA Adds Cryptocurrency Questions for CPO and Additional Reporting for CPOs and CTAs

NFA has added two yes/no questions on virtual currency activities to the annual pool financial statement cover page.  The cover page can be accessed through NFA’s EasyFile system.  These changes are effective for pool financial statements as of October 31, 2017 or later.

This obligation applies on a continuous basis and NFA must be notified immediately if you are operating a pool or managing an account (CTAs) engaged in virtual currency.

Additionally, starting in the first quarter of 2018, CPOs and CTAs operating pools and managing accounts engaged in transactions involving cryptocurrencies must also report the number of their pools or managed accounts that had one or more transactions involving cryptocurrency.  Any transaction involving virtual currencies and related products must be reported each calendar quarter, no later than 15 days after the end of a quarter.