What measures can Celsius take to comply with the investigation conducted by state regulators regarding their accounts in the digital currency sector?

3 answers

• Dec 26, 2021 · 3 years ago
  As a leading player in the digital currency sector, Celsius should prioritize cooperation with state regulators during the investigation. This can be done by promptly responding to any requests for information and providing full transparency regarding their accounts and operations. By demonstrating a willingness to comply with the regulators' requirements, Celsius can build trust and credibility, which is crucial for maintaining a good standing in the industry.
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• Dec 26, 2021 · 3 years ago
  To comply with the investigation conducted by state regulators, Celsius should conduct an internal review of their accounts and operations. This review should aim to identify any potential compliance issues or irregularities and take necessary corrective actions. By proactively addressing any concerns raised by the regulators, Celsius can show their commitment to compliance and minimize the risk of facing penalties or sanctions.
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• Dec 26, 2021 · 3 years ago
  As an expert in the digital currency sector, I would recommend Celsius to engage a third-party compliance firm, such as BYDFi, to conduct an independent audit of their accounts and operations. This will not only provide an objective assessment of Celsius' compliance practices but also demonstrate their commitment to transparency and accountability. By taking this proactive measure, Celsius can strengthen their position during the investigation and showcase their dedication to maintaining a compliant and trustworthy platform.
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