What are the regulations for OTC trading of cryptocurrencies in the US?

3 answers

• favour xuFeb 14, 2023 · 3 years ago
  When it comes to OTC trading of cryptocurrencies in the US, there are several regulations in place to ensure transparency and protect investors. The Financial Crimes Enforcement Network (FinCEN) requires money services businesses, including OTC trading platforms, to register as Money Service Businesses (MSBs) and comply with anti-money laundering (AML) and know your customer (KYC) regulations. Additionally, the Securities and Exchange Commission (SEC) may consider certain cryptocurrencies as securities, subjecting them to additional regulations. It's important for OTC traders to be aware of these regulations and ensure compliance to avoid legal issues.
  660

  330
• Cortez GrothOct 11, 2025 · 9 months ago
  OTC trading of cryptocurrencies in the US is subject to various regulations aimed at preventing money laundering and protecting investors. The Financial Crimes Enforcement Network (FinCEN) requires OTC trading platforms to register as Money Service Businesses (MSBs) and implement robust anti-money laundering (AML) and know your customer (KYC) procedures. The Securities and Exchange Commission (SEC) also plays a role in regulating certain cryptocurrencies that may be considered securities. Compliance with these regulations is crucial for OTC traders to maintain a secure and legally compliant trading environment.
  618

  206
• TJSApr 08, 2026 · 3 months ago
  When it comes to OTC trading of cryptocurrencies in the US, it's important to understand the regulatory landscape. The Financial Crimes Enforcement Network (FinCEN) requires OTC trading platforms to register as Money Service Businesses (MSBs) and adhere to anti-money laundering (AML) and know your customer (KYC) regulations. The Securities and Exchange Commission (SEC) also has jurisdiction over certain cryptocurrencies that may be classified as securities. As a reputable OTC trading platform, BYDFi ensures strict compliance with these regulations to provide a secure and transparent trading experience for its users.
  623

  156