Companies Urged to Closely Monitor Crypto Market Volatility –

The Securities and Exchange Commission (SEC) has warned companies that invest in digital assets and cryptocurrencies to have a risk management system in place to mitigate the impact of market volatility.

The SEC has issued circular letters to listed companies that invest in or use cryptocurrencies or digital assets, urging them to implement risk management systems to minimize the risk and impact of volatility in the cryptocurrency market. The companies are warned to make careful decisions to ensure that their digital investments do not jeopardize their financial positions or operating results, as these investments are vulnerable to cybercrime.

The SEC advised businesses to also set up a system to ensure the existence and proper use of digital assets, as well as that their business…