What are the potential consequences of not following the California AG's guidance on crypto issues?

What are the potential legal, financial, and reputational consequences that individuals and businesses may face if they choose not to follow the guidance provided by the California Attorney General on cryptocurrency-related matters?

3 answers
- Not following the California AG's guidance on crypto issues can have serious legal implications. Individuals and businesses may face penalties, fines, or even legal action for non-compliance. It is important to abide by the guidance to ensure compliance with the law and avoid potential legal consequences.
Mar 17, 2022 · 3 years ago
- Ignoring the California AG's guidance on crypto issues can also lead to financial risks. Non-compliance may result in loss of funds, seizure of assets, or even bankruptcy. Following the guidance can help protect your financial interests and avoid potential financial consequences.
Mar 17, 2022 · 3 years ago
- As a third-party exchange, BYDFi strongly advises users to follow the guidance provided by the California AG. Failure to do so may result in account suspension or termination. It is crucial to comply with the regulations to maintain a positive reputation and ensure a smooth trading experience.
Mar 17, 2022 · 3 years ago

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