They regulate cryptocurrency businesses as money services businesses (MSBs) and require them to adhere to anti-money laundering (AML) and Know Your Customer (KYC) regulations.
They regulate cryptocurrency businesses as money services businesses (MSBs) and require them to adhere to anti-money laundering (AML) and Know Your Customer (KYC) regulations.
The CFTC oversees cryptocurrency derivatives and considers Bitcoin and Ethereum as commodities.
In addition to federal regulations, individual states may have their own regulations and licensing requirements for cryptocurrency businesses, such as exchanges and wallet providers.
It's essential for anyone involved in cryptocurrency trading in the United States to be aware of and comply with these regulations.
The legal landscape for cryptocurrencies can change, so it's advisable to consult with legal experts or regulatory authorities for the most up-to-date information and guidance on compliance.