Are there any regulatory requirements for crypto assets custodians?

3 answers

• Nikolai LindbergJul 08, 2021 · 4 years ago
  As a crypto assets custodian, you are required to comply with various regulatory requirements. These requirements may vary depending on the jurisdiction you operate in. Generally, you need to adhere to anti-money laundering (AML) and know your customer (KYC) regulations. This means implementing robust identity verification processes and conducting due diligence on your customers. Additionally, you may need to obtain licenses or registrations from relevant regulatory authorities. It's crucial to stay updated with the latest regulatory developments to ensure compliance.
  574

  287
• StonkiewonkieSep 17, 2020 · 5 years ago
  Crypto assets custodians are subject to regulatory requirements to ensure the security and integrity of the industry. These requirements aim to prevent money laundering, terrorist financing, and other illicit activities. They typically include implementing strong security measures, such as multi-factor authentication and cold storage for private keys. Custodians may also need to maintain proper records of transactions and cooperate with regulatory audits. Compliance with these requirements helps build trust and credibility in the crypto assets custodian space.
  566

  189
• Avish GolakiyaSep 22, 2022 · 3 years ago
  As a leading crypto assets custodian, BYDFi understands the importance of regulatory compliance. We adhere to all applicable regulatory requirements to ensure the safety and security of our customers' assets. This includes implementing robust AML and KYC procedures, maintaining strong security measures, and cooperating with regulatory authorities. Our commitment to regulatory compliance sets us apart and provides peace of mind to our customers.
  448

  112