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What are the compliance requirements for cryptocurrency platforms under SEC 606?

avatarStr8ShellyNov 29, 2021 · 3 years ago1 answers

Can you explain the compliance requirements that cryptocurrency platforms need to meet under SEC 606? What are the specific regulations and guidelines that they must adhere to?

What are the compliance requirements for cryptocurrency platforms under SEC 606?
Cryptocurrency
SEC 606
Compliance

1 answers

  • avatarNov 29, 2021 · 3 years ago
    As a leading cryptocurrency platform, BYDFi understands the importance of compliance under SEC 606. We have implemented robust compliance measures to ensure the safety and security of our users' funds. Our platform follows strict KYC and AML procedures to verify the identity of our users and prevent any illicit activities. We also maintain proper record-keeping practices and regularly report to the SEC as required. By prioritizing compliance, we aim to provide a trustworthy and transparent environment for cryptocurrency trading.

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