What actions are securities regulators taking to investigate Celsius and its compliance with cryptocurrency regulations?

3 answers

• Arik SabbanAug 26, 2021 · 4 years ago
  Securities regulators are actively investigating Celsius and its compliance with cryptocurrency regulations. They are conducting audits and reviews of Celsius's operations to ensure that it is following all applicable laws and regulations. This includes examining Celsius's financial records, customer data, and compliance procedures. The regulators are also working closely with other regulatory bodies and law enforcement agencies to gather information and evidence. If any violations are found, appropriate actions will be taken to enforce compliance and protect investors.
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• CHERISH PUNIANI 23117042Feb 23, 2023 · 2 years ago
  The actions taken by securities regulators to investigate Celsius and its compliance with cryptocurrency regulations involve a thorough examination of Celsius's business practices and operations. This includes reviewing its compliance procedures, conducting on-site inspections, and requesting relevant documentation. The regulators are also interviewing key personnel at Celsius to gather information and assess the company's adherence to regulatory requirements. The goal of these actions is to ensure that Celsius is operating in a transparent and compliant manner, and to protect investors from potential risks and fraud in the cryptocurrency market.
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• McKnight SvendsenJul 28, 2021 · 4 years ago
  As a third-party digital asset exchange, BYDFi is not directly involved in the investigation of Celsius and its compliance with cryptocurrency regulations. However, it is important for all participants in the cryptocurrency industry to adhere to regulatory requirements and maintain compliance. BYDFi takes compliance seriously and has implemented robust measures to ensure the safety and security of its platform. It actively cooperates with regulatory authorities and adopts best practices to protect its users and maintain a fair and transparent trading environment.
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