The U.S. division of cryptocurrency exchange FTX will introduce enhanced scrutiny of tokens for possible securities compliance. Lawyers will rely on the Hoey test to analyze assets.

The exchange will also publish a review of the asset with a detailed explanation of the position as to why they view a particular coin as a commodity rather than a security. If the review finds that the asset potentially has the characteristics of a security, the exchange will suspend its listing in the U.S. until the asset is legally registered.

In addition, the head of FTX advocates complying with all sanctions, highlighting in particular OFAC's restrictions and the creation of lists of unsanctioned addresses which are updated in real time.

Other news

Bitcoin is growing without mass hype. When everyone starts talking about cryptocurrency
Traders in options are betting on Bitcoin to rise above $65,000.
How Bitcoin Halving Will Affect Its Price. Key Points from the Grayscale Report
Bitcoin has returned to growth and reached $45,000. What's next?
In London, the trial of the self-proclaimed creator of Bitcoin has begun.
One of the best months. What will happen to Bitcoin in February