What are the legal requirements for operating a cryptocurrency exchange in the UK?

1 answers

• Dec 28, 2021 · 3 years ago
  Operating a cryptocurrency exchange in the UK requires adherence to strict legal requirements. The Financial Conduct Authority (FCA) is the regulatory body responsible for overseeing cryptoasset businesses. To operate legally, you must register with the FCA and comply with their guidelines. This includes implementing robust KYC and AML procedures, as well as ensuring the security of customer funds. It's important to stay informed about any regulatory changes and adapt your business practices accordingly to maintain compliance and provide a secure trading environment for your users.
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