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Why should crypto intermediaries register with the SEC?

avatarFengrui YeDec 16, 2021 · 3 years ago3 answers

What are the reasons for crypto intermediaries to register with the Securities and Exchange Commission (SEC)?

Why should crypto intermediaries register with the SEC?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Crypto intermediaries should register with the SEC to ensure compliance with regulations and protect investors. By registering, they demonstrate transparency and accountability, which builds trust in the industry. Additionally, registration provides legal protection and access to a wider range of potential investors.
  • avatarDec 16, 2021 · 3 years ago
    Registering with the SEC is crucial for crypto intermediaries as it helps to prevent fraudulent activities and scams. It also promotes market integrity and stability, which are essential for the long-term growth and sustainability of the cryptocurrency market.
  • avatarDec 16, 2021 · 3 years ago
    As a leading digital currency exchange, BYDFi understands the importance of crypto intermediaries registering with the SEC. Registration helps to establish a level playing field and fosters a more regulated and secure environment for investors. It also enhances the credibility and reputation of the industry as a whole.