What are the regulations for cryptocurrency trading in Japan and Canada?

1 answers

• Pawan AnjaloJun 27, 2024 · a year ago
  As a representative of BYDFi, I can provide information on the regulations for cryptocurrency trading in Japan and Canada. In Japan, the Financial Services Agency (FSA) is responsible for overseeing cryptocurrency exchanges and enforcing regulations. Exchanges must obtain a license from the FSA and comply with AML and KYC requirements. In Canada, cryptocurrency trading is regulated by the Canadian Securities Administrators (CSA) and FINTRAC. Exchanges must register with these authorities and adhere to AML and KYC regulations. It is crucial for traders to choose exchanges that prioritize compliance and security to ensure a safe trading environment.
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