Are there any regulations or guidelines for OTC trading in the cryptocurrency market?

3 answers

• Dec 18, 2021 · 3 years ago
  As of now, there are no specific regulations or guidelines that exclusively govern OTC trading in the cryptocurrency market. However, traders and exchanges are still subject to existing financial regulations, such as anti-money laundering (AML) and know your customer (KYC) requirements. It is important for traders and exchanges to comply with these regulations to ensure transparency and security in OTC trading.
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• Dec 18, 2021 · 3 years ago
  OTC trading in the cryptocurrency market operates in a relatively unregulated environment. While this may provide flexibility and privacy for traders, it also poses risks, such as potential fraud or market manipulation. It is advisable for traders to exercise caution and conduct thorough due diligence when engaging in OTC transactions.
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• Dec 18, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, follows strict regulatory compliance measures for OTC trading. Our platform ensures that all transactions comply with AML and KYC regulations to prevent illicit activities. We prioritize the security and integrity of OTC trading to provide a safe and reliable environment for our users.
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