Bitstamp shares its expertise through a compliance guide that examines regulatory developments in the US, Europe, APAC, and Latin America.
Cryptocurrency exchange Bitstamp has released a comprehensive straightforward guide on crypto compliance to give industry players an understanding of what is needed to stay compliant with regulations in different regions.
A common misconception about cryptocurrencies is that it is lightly or unregulated, and the guide aims to dispel that while clarifying the specifics in key regions such as US, Europe, Asia Pacific, and Latin America. Through the guide, institutions can learn about the core components that make up the compliance programs in established cryptocurrency companies.
“In this transitional phase for industry regulations, companies eager to enter the ecosystem or expandinto new markets will find the varying degree of regulatory clarity and development a challenge to navigate,” says Leonard Hoh, APAC General Manager of Bitstamp.
The guide comes amidst changes in the regulatory landscape on cryptocurrencies. Recently, the European Union has signed the highly anticipated Markets in Crypto-Assets Regulation (MiCA) framework into law to regulate cryptocurrencies within the continent. On the Asia Pacific front, Hong Kong has also warmed up to digital assets and is courting crypto companies to set up operations on the island
Download the guide here.
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