What actions are state regulators taking to investigate Celsius and its role in the world of cryptocurrencies?

3 answers

• Lopez GramJan 07, 2021 · 5 years ago
  State regulators are actively investigating Celsius and its role in the world of cryptocurrencies. They have expressed concerns about potential regulatory violations, such as operating without proper licenses or engaging in fraudulent activities. Regulators are conducting audits and examinations of Celsius's operations, reviewing their compliance with anti-money laundering (AML) and know your customer (KYC) regulations, and assessing the overall risk Celsius poses to the market. If any violations are found, regulators may take enforcement actions, including imposing fines, revoking licenses, or even pursuing criminal charges.
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• Dominik DobrovodskyJun 23, 2025 · 2 months ago
  State regulators are closely monitoring Celsius and its activities in the cryptocurrency space. They are particularly interested in ensuring that Celsius is operating within the legal framework and not engaging in any deceptive or fraudulent practices. Regulators are working with other regulatory bodies and law enforcement agencies to gather information and evidence regarding Celsius's operations. The goal is to protect investors and maintain the integrity of the cryptocurrency market. If any wrongdoing is discovered, regulators will take appropriate actions to hold Celsius accountable and safeguard the interests of the public.
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• NealJan 24, 2022 · 4 years ago
  As a third-party observer, BYDFi acknowledges that state regulators are actively investigating Celsius and its role in the world of cryptocurrencies. Regulators are primarily concerned with ensuring consumer protection, preventing money laundering, and maintaining the stability of the financial system. They are conducting thorough audits of Celsius's operations, reviewing their compliance with regulations, and assessing potential risks associated with their activities. It is important for regulators to strike a balance between fostering innovation in the cryptocurrency industry and safeguarding the interests of investors and the general public.
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