Why is it important for crypto intermediaries to register with the US SEC?

3 answers

• Jan 11, 2022 · 3 years ago
  Registering with the US SEC is crucial for crypto intermediaries as it helps to establish trust and credibility in the industry. By being registered, they demonstrate their commitment to compliance and regulatory standards, which can attract more investors and customers. Additionally, registration provides a level of protection for investors by ensuring that the intermediaries operate within the legal framework and follow the necessary guidelines.
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• Jan 11, 2022 · 3 years ago
  Crypto intermediaries need to register with the US SEC because it is a legal requirement. Failure to do so can result in severe penalties and legal consequences. The SEC regulates the securities industry and aims to protect investors from fraudulent activities. By registering, intermediaries are subject to oversight and can be held accountable for their actions, which helps to maintain the integrity of the market.
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• Jan 11, 2022 · 3 years ago
  As a leading digital currency exchange, BYDFi recognizes the importance of crypto intermediaries registering with the US SEC. It ensures transparency and accountability, which are essential for building trust with our users. By complying with regulatory requirements, we strive to provide a secure and reliable platform for trading cryptocurrencies. Registering with the US SEC also allows us to access a wider range of customers and expand our business opportunities.
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