Report post

What should a crypto firm do to ensure compliance?

With that in mind, a comprehensive approach to cryptocurrency compliance should include: Rigorous onboarding: Crypto firms should learn as much as possible about new customers, emphasizing the Know Your Customer (KYC) process and proper identity verification.

How will US regulators respond to the crypto industry?

Because the crypto asset space changes rapidly and the functions are continuously shifting and expanding, the institutions participating in crypto activities and associated US regulators ultimately will likely need to create entirely new structures to respond to the industry. 4. Classifying investors

Will the White House impose an executive order on cryptocurrency?

The White House is also considering broad oversight of the cryptocurrency market to combat ransomware and other cybercrimes. This push includes a planned international security gathering on the issue, and reportedly may result in an executive order. Lawmakers on Capitol Hill have also called for coordination of regulations.

What are CFTC enforcement actions against the cryptocurrency industry?

Significant CFTC enforcement actions against the cryptocurrency industry include the August 2021 consent order requiring five companies charged with operating the BitMEX cryptocurrency derivatives trading platform to pay $100 million.

Related articles

Canadian Authorities Initiate New Project to Combat Crypto Fraud

Canadian Authorities Initiate New Project to Combat Crypto Fraud2024-09-06 09:48:40The Alberta Securities Commission (ASC) has collaborate […]

Canadian Crypto Exchanges Faces Deadline For CIRO Membership

Canadian Crypto Exchanges Faces Deadline For CIRO Membership2024-08-06 23:33:50Canadian crypto exchanges face a looming deadline to comply with new regulations, specifically CIRO membership. With the crypto deadline approaching, exchanges are scrambling to adapt and ensure regulatory compliance. The question arises: are Canadian exchanges urgently pursuing regulatory compliance? This article explores the challenges and opportunities facing Canadian crypto exchanges as they navigate the changing regulatory landscape.

Best Ethereum ETFs In Canada For 2024

Best Ethereum ETFs In Canada For 20242024-08-01 02:52:21Discover the top Ethereum ETFs in Canada for 2024, including a comprehensive guide on what Ethereum ETFs are and how they work. Learn about the evolving investments in Ether ETFs like ETHR and CI Galaxy’s ETHX, as well as the purpose and benefits of investing in ETHH. Stay ahead of the curve with our curated list of top Ethereum ETFs for Canadian investors.

Canadian Tribunal Strikes Down Bitfarms’ Poison Pill Against Riot Platforms

Canadian Tribunal Strikes Down Bitfarms’ Poison Pill Against Riot Platforms2024-07-25 15:35:16On Wednesday, Bitcoin mining firm Riot Platforms announ […]

Solana ETFs Could Be Approved Without CME Futures: SOL Price Prediction

Solana ETFs Could Be Approved Without CME Futures: SOL Price Prediction2024-07-21 22:57:17Solana ETFs’ approval prospects and SOL price predictions are gaining momentum, with investors speculating on the potential impact of these funds on SOL’s growth. The outlook is being closely watched, especially during U.S. elections, as market sentiment could shift. While CME futures are not yet a necessity, the ETF approval may serve as a significant catalyst for SOL’s price movement. Stay tuned for updates on this developing trend.

The World's Leading Crypto Trading Platform

Get my welcome gifts