How does rule 204-2 of the Advisers Act impact the compliance of cryptocurrency advisors?

3 answers

• Dec 25, 2021 · 3 years ago
  As a cryptocurrency advisor, you need to comply with rule 204-2 of the Advisers Act, which requires you to maintain accurate and current records of your business activities. This includes records of your clients, transactions, and communications. By complying with this rule, you can ensure transparency and accountability in your operations.
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• Dec 25, 2021 · 3 years ago
  Rule 204-2 of the Advisers Act is designed to protect investors by ensuring that cryptocurrency advisors maintain proper records of their activities. By complying with this rule, advisors can provide evidence of their compliance with regulations and demonstrate their commitment to ethical practices.
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• Dec 25, 2021 · 3 years ago
  At BYDFi, we understand the importance of compliance with rule 204-2 of the Advisers Act. It is crucial for cryptocurrency advisors to maintain accurate records of their activities to ensure transparency and build trust with their clients. By adhering to this rule, advisors can demonstrate their commitment to regulatory compliance and provide a secure environment for their clients.
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