What are the regulatory requirements for US securities companies dealing with cryptocurrencies?

3 answers

• May 09, 2022 · 3 years ago
  US securities companies that deal with cryptocurrencies are subject to various regulatory requirements. One of the key regulations they need to comply with is the Securities Act of 1933, which requires companies to register their securities offerings with the Securities and Exchange Commission (SEC). Additionally, they need to adhere to the regulations set forth by the Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC). These regulations aim to protect investors and ensure fair and transparent trading practices in the cryptocurrency market.
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• May 09, 2022 · 3 years ago
  When it comes to regulatory requirements for US securities companies dealing with cryptocurrencies, it's important to understand that the regulatory landscape is constantly evolving. The SEC has been actively monitoring the cryptocurrency market and has taken enforcement actions against companies that violate securities laws. Therefore, it is crucial for securities companies to stay updated with the latest regulations and comply with them to avoid legal consequences.
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• May 09, 2022 · 3 years ago
  As a third-party observer, BYDFi believes that US securities companies dealing with cryptocurrencies must comply with a range of regulatory requirements. These requirements include conducting thorough due diligence on the cryptocurrencies they offer, implementing robust anti-money laundering (AML) and know-your-customer (KYC) procedures, and ensuring proper disclosure of risks associated with investing in cryptocurrencies. By complying with these regulations, securities companies can build trust with their customers and contribute to the overall legitimacy of the cryptocurrency industry.
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