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Crypto Trades Expected to Become Reportable by Platforms In 3 Years - Survey
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Cryptoasset trades are expected to be subject to official reporting requirements as soon as within three years, with the United States likely being the first country to introduce such regulations on trading platforms, a new survey conducted by business analytics firm IHS Markit in October this year has found.
According to the survey, which covered 90 respondents at banks, asset management firms, brokers, and various other financial and non-financial institutions, a majority of respondents said they expect reporting requirements related to “post-trade transactions” to be introduced within the next three years.
By post-trade transactions reporting, the survey is referring to trades made on centralized exchanges and other marketplaces for spot
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