How does Coinbase comply with the regulatory requirements in New York?

5 answers

• chenryAug 04, 2020 · 6 years ago
  Coinbase takes regulatory compliance very seriously, especially in New York where the requirements are particularly strict. They have implemented a range of measures to ensure compliance, including robust KYC (Know Your Customer) procedures, AML (Anti-Money Laundering) policies, and regular audits. Coinbase also maintains strong relationships with regulatory bodies in New York to stay up-to-date with any changes or new requirements. By adhering to these measures, Coinbase is able to operate within the legal framework and provide a secure and compliant platform for users in New York.
  589

  295
• rolino randrianarizakaAug 05, 2021 · 5 years ago
  Complying with regulatory requirements in New York is a top priority for Coinbase. They have a dedicated team that focuses on ensuring adherence to all relevant regulations. This includes implementing strict KYC procedures, conducting thorough customer due diligence, and monitoring transactions for any suspicious activities. Coinbase also maintains a strong relationship with the New York Department of Financial Services (NYDFS) to stay informed about any updates or changes in the regulatory landscape. By prioritizing compliance, Coinbase aims to provide a safe and trusted platform for cryptocurrency users in New York.
  625

  209
• Stougaard BilleFeb 03, 2025 · a year ago
  As a third-party observer, it's worth noting that Coinbase has a strong track record when it comes to regulatory compliance in New York. They have established themselves as a leading cryptocurrency exchange by consistently meeting the necessary regulatory requirements. Coinbase's commitment to compliance is evident through their robust KYC and AML procedures, as well as their proactive approach to working with regulatory bodies. By complying with the regulatory requirements in New York, Coinbase demonstrates their dedication to providing a secure and trustworthy platform for users in the state.
  601

  151
• senlin houFeb 06, 2022 · 4 years ago
  Coinbase, like other reputable exchanges, complies with the regulatory requirements in New York by implementing strict KYC and AML procedures. They verify the identity of their users and monitor transactions to detect any suspicious activities. Coinbase also maintains a strong relationship with regulatory bodies to ensure they are aware of and compliant with any changes in the regulatory landscape. By prioritizing regulatory compliance, Coinbase aims to create a safe and transparent environment for cryptocurrency trading in New York.
  539

  108
• RAUL-GABRIEL STOIASep 20, 2021 · 4 years ago
  Coinbase is committed to complying with the regulatory requirements in New York to ensure the safety and security of its users. They have implemented stringent KYC and AML procedures to verify the identity of their customers and prevent money laundering activities. Coinbase also maintains a strong relationship with regulatory authorities in New York to stay updated on any changes in the regulatory landscape. By adhering to these requirements, Coinbase aims to provide a trustworthy platform for cryptocurrency users in New York.
  532

  89