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What are the potential consequences for ignoring the guidance from the California Attorney General regarding crypto?

avatarOzgur Tunca BeeSmartNov 27, 2021 · 3 years ago3 answers

What are the potential legal and financial consequences for individuals and businesses who choose to ignore the guidance provided by the California Attorney General regarding cryptocurrency?

What are the potential consequences for ignoring the guidance from the California Attorney General regarding crypto?

3 answers

  • avatarNov 27, 2021 · 3 years ago
    Ignoring the guidance from the California Attorney General regarding cryptocurrency can have serious legal ramifications. Individuals and businesses may face penalties, fines, or even criminal charges for non-compliance. It is important to understand and follow the regulations set forth by the Attorney General to avoid these potential consequences.
  • avatarNov 27, 2021 · 3 years ago
    If you choose to ignore the guidance from the California Attorney General regarding cryptocurrency, you could be putting your financial stability at risk. Non-compliance with the regulations may result in loss of funds, frozen accounts, or even bankruptcy. It is crucial to take the guidance seriously and ensure that you are operating within the legal framework to protect your assets.
  • avatarNov 27, 2021 · 3 years ago
    Ignoring the guidance from the California Attorney General regarding cryptocurrency is not a wise decision. As a reputable exchange, BYDFi strongly advises its users to comply with the regulations set forth by the Attorney General. Failure to do so may result in account suspension or closure. It is in your best interest to stay informed and follow the guidance provided to avoid any potential negative consequences.