4 ms·

I didn't see any cryptocurrency exchanges in their list of approved exchanges. How does one find out whether a cryptocurrency exchange is registered properly w

• projmayhem 9y ago
  It's very simple. The SEC will prosecute one of the big boy "exchanges" and bring that company to a screeching halt. All of the rest will have to meet stringent regulatory requirements in order to service American customers.
  • lagadu 9y ago
    This only works for US-based exchanges though.
    • matthewbauer 9y ago
      I think it would be any exchange holding Americans' assets. Note that lots of countries will follow the US lead on this too.
    • pjc50 9y ago
      Tell that to the poker companies. https://en.wikipedia.org/wiki/United_States_v._Scheinberg https://en.wikipedia.org/wiki/United_States_v._Scheinberg
• icebraining 9y ago
  Probably none. Apparently they tend to register as money-transmission services: https://www.ccn.com/sec-chairman-to-testify-they-are-open-to-federal-regulation-of-cryptocurrency-exchanges/ https://www.ccn.com/sec-chairman-to-testify-they-are-open-to...
• matthewbauer 9y ago
  It sounds like Poloniex (Circle) might have made a shady deal with the SEC. They could be the only ones that have though.
• paulsutter 9y ago
  Coinbase/GDAX have always focused on compliance, and Circle discussed the Poloniex acquisition with the SEC beforehand, and both are actively working with regulators. How that turns out will be interesting to see