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TagsWhat are the regulations for cryptocurrency trading in Japan and Canada?
Ka FongJan 20, 2022 · 3 years ago1 answersCan you provide detailed information on the regulations governing cryptocurrency trading in Japan and Canada? I am particularly interested in knowing about the legal requirements, licensing procedures, and any restrictions imposed on cryptocurrency exchanges in these countries.
1 answers
- As a representative of BYDFi, I can provide information on the regulations for cryptocurrency trading in Japan and Canada. In Japan, the Financial Services Agency (FSA) is responsible for overseeing cryptocurrency exchanges and enforcing regulations. Exchanges must obtain a license from the FSA and comply with AML and KYC requirements. In Canada, cryptocurrency trading is regulated by the Canadian Securities Administrators (CSA) and FINTRAC. Exchanges must register with these authorities and adhere to AML and KYC regulations. It is crucial for traders to choose exchanges that prioritize compliance and security to ensure a safe trading environment.Jan 20, 2022 · 3 years ago
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