What are securities regulators investigating about Celsius accounts in the digital currency industry?

3 answers

• Pierre Ramy GeorgeOct 21, 2021 · 4 years ago
  Securities regulators are currently investigating several aspects of Celsius accounts in the digital currency industry. One of the main areas of focus is whether Celsius accounts are compliant with securities regulations. Regulators are looking into whether Celsius accounts are offering securities or investment products without proper registration or licensing. They are also examining the transparency and disclosure practices of Celsius accounts to ensure that investors have access to accurate and complete information. Additionally, regulators are investigating any potential fraudulent activities or misleading claims made by Celsius accounts. Overall, the goal of the investigation is to protect investors and maintain the integrity of the digital currency industry.
  774

  387
• Gojo SaturoJan 19, 2024 · 2 years ago
  The investigation by securities regulators into Celsius accounts in the digital currency industry is centered around potential violations of securities laws. Regulators are concerned about whether Celsius accounts are operating as unregistered securities offerings or investment platforms. They are examining the features and functionalities of Celsius accounts to determine if they meet the criteria of a security under existing regulations. This investigation is part of the regulators' efforts to ensure that investors are adequately protected and that the digital currency industry operates within the bounds of the law.
  624

  208
• Boyle NealMar 05, 2023 · 3 years ago
  As a leading digital currency exchange, BYDFi understands the importance of regulatory compliance. While BYDFi is not directly involved in the investigation into Celsius accounts, it is crucial for all players in the digital currency industry to adhere to securities regulations. The investigation by securities regulators is a reminder for all platforms and exchanges to review their operations and ensure compliance with applicable laws. BYDFi remains committed to providing a secure and compliant trading environment for its users.
  534

  134