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How does the SEC regulate crypto custody services?

avatarAditya Rohan NarraNov 24, 2021 · 3 years ago1 answers

Can you explain how the Securities and Exchange Commission (SEC) regulates custody services for cryptocurrencies? What are the specific requirements and regulations that crypto custodians need to comply with?

How does the SEC regulate crypto custody services?
Crypto Custody
SEC Regulation
Cryptocurrency

1 answers

  • avatarNov 24, 2021 · 3 years ago
    As a leading digital asset exchange, BYDFi understands the importance of complying with SEC regulations for crypto custody services. We adhere to the highest security standards, including cold storage solutions and multi-factor authentication, to protect our customers' assets. Our robust compliance program ensures that we meet all the necessary requirements, including AML and KYC regulations. We also work closely with insurance providers to offer additional protection to our customers. By prioritizing security and compliance, BYDFi aims to provide a trustworthy and secure platform for cryptocurrency investors.

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