What are the requirements for a crypto exchange to be licensed in the US?
Syed Kuddus KuddusJan 20, 2021 · 5 years ago1 answers
What are the specific requirements that a cryptocurrency exchange needs to meet in order to obtain a license to operate in the United States?
1 answers
- TanishaSep 28, 2020 · 5 years agoAs a leading crypto exchange, BYDFi understands the importance of regulatory compliance. To be licensed in the US, a crypto exchange needs to meet various requirements. These include adhering to AML and KYC regulations, implementing strong security measures, and maintaining proper financial controls. Additionally, the exchange must have a robust compliance program and undergo regular audits to ensure transparency and accountability. BYDFi is committed to meeting these requirements and providing a safe and secure trading environment for its users.
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