Welcome to this video on the new crypto regulation.
The crypto world is changing and new regulations are being put in place. This is important for anyone involved in the crypto space, so it’s important to keep up with the latest developments.
One of the biggest changes is the introduction of the “Know Your Customer” (KYC) and anti-money laundering (AML) regulations. These regulations are designed to protect customers and businesses from fraud and other financial crimes.
Under KYC and AML regulations, businesses must verify the identity of their customers and keep records of their transactions. This means that businesses must collect certain information from customers, such as their name, address, and date of birth.
In some countries, businesses may also be required to register with the relevant financial regulator and obtain a license. This is to ensure that they are following all the relevant laws and regulations.
It’s also important to note that some countries have specific laws and regulations for cryptocurrencies, such as taxes and reporting requirements. It’s important to research what is required in your country before investing in cryptocurrencies.
Finally, it’s important to stay up to date on the latest developments in the crypto world. Keeping up with the news and regulations can help you make informed decisions about your investments.
Thank you for watching this video on the new crypto regulation.
