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Crypto-exchanges are held to pretty high KYC/AML when dealing with the clients. Why on earth would such an exchange be precluded from having Compliance Officer
by tanseydavid 4y ago
Crypto-exchanges are held to pretty high KYC/AML when dealing with the clients.
Why on earth would such an exchange be precluded from having Compliance Officers?
That does not pass even a basic sniff test. It does not make any sense.
- smaudet 4y agoWho holds the exchanges to those KYC/AML standards, though? I don't think they get regular audits like normal banks...correct me if you know different.
- yieldcrv 4y agonot high KYC/AML requirements, just odd interpretations of what they need to do, but this is also unrelated to what requirements are levied after accepting the money
- wmf 4y agoCrypto-exchanges are held to pretty high KYC/AML when dealing with the clients. Under Bahamian law?
- BlueTemplar 4y agoUnder US banking laws, since, unlike for ICOs, US regulators allowed FTX to both do business with US customers, and also to lend money ? (Also to buy a small US bank.)
- wmf 4y agoFTX.com was not allowed to do business with US customers.
- BlueTemplar 4y agoWait, they managed to separate the accounting for that ? (Or have they only claimed this, and nobody bothered to review their claims either ?)