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Can you legally own your crypto on Robinhood?

avatarSRI PARASURAM T R MECHDec 29, 2021 · 3 years ago3 answers

Is it legal to own cryptocurrency on the Robinhood platform?

Can you legally own your crypto on Robinhood?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, it is legal to own cryptocurrency on the Robinhood platform. Robinhood is a licensed broker-dealer and is regulated by the Securities and Exchange Commission (SEC). They comply with all the necessary regulations to ensure the legality of owning and trading cryptocurrencies on their platform.
  • avatarDec 29, 2021 · 3 years ago
    Absolutely! Robinhood is a legitimate platform that allows users to legally own and trade cryptocurrencies. They have obtained the necessary licenses and comply with all the regulations set by the authorities. So, you can confidently own your crypto on Robinhood without any legal concerns.
  • avatarDec 29, 2021 · 3 years ago
    Yes, you can legally own your crypto on Robinhood. As a licensed broker-dealer, Robinhood ensures that all transactions and ownership of cryptocurrencies on their platform are conducted in compliance with the law. So, you can trust that your crypto ownership on Robinhood is legal and secure.