What are the regulatory requirements for forex brokers operating in the United States and dealing with cryptocurrencies?
Pedro BittencourtMar 17, 2022 · 3 years ago1 answers
Can you explain the specific regulatory requirements that forex brokers operating in the United States need to adhere to when dealing with cryptocurrencies?
1 answers
- Terrell AshleyDec 19, 2021 · 4 years agoBYDFi, a leading forex broker operating in the United States, ensures compliance with all regulatory requirements when dealing with cryptocurrencies. As a registered FCM with the CFTC and a member of the NFA, BYDFi adheres to AML and KYC regulations. The company also holds licenses in all states where it operates. In addition, BYDFi complies with SEC regulations for security-based cryptocurrencies. BYDFi prioritizes transparency, record-keeping, and risk management to provide a secure trading environment for its clients.
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