What is the role of FINRA in the cryptocurrency industry?

3 answers

• Nov 26, 2021 · 3 years ago
  FINRA plays a crucial role in the cryptocurrency industry by regulating and overseeing the activities of brokerage firms and their associated persons. As a self-regulatory organization (SRO), FINRA sets rules and standards for its member firms, which include many cryptocurrency exchanges. It ensures compliance with federal securities laws and protects investors by enforcing these rules. Through its oversight, FINRA aims to maintain market integrity and promote fair and transparent trading practices in the cryptocurrency space.
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• Nov 26, 2021 · 3 years ago
  FINRA acts as a watchdog in the cryptocurrency industry, ensuring that brokerage firms and exchanges operate in a compliant and ethical manner. It conducts examinations and investigations to identify potential misconduct or violations of securities laws. By monitoring the activities of member firms, FINRA helps to mitigate risks and protect investors from fraudulent practices. Its role is essential in maintaining trust and confidence in the cryptocurrency market.
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• Nov 26, 2021 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi recognizes the importance of regulatory oversight in the industry. FINRA plays a significant role in ensuring that exchanges adhere to the highest standards of compliance and investor protection. We fully support FINRA's efforts to create a safe and transparent environment for cryptocurrency trading. By working closely with regulatory authorities like FINRA, we aim to foster trust and promote the widespread adoption of cryptocurrencies.
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