Cryptocurrency Q&A Is KYC mandatory in the USA?

Is KYC mandatory in the USA?

SoulWhisper Mon Sep 23 2024 | 6 answers 1114

Could you please clarify whether Know Your Customer (KYC) regulations are compulsory in the United States of America for all cryptocurrency transactions and platforms? Are there any specific exemptions or exceptions to this rule? Additionally, what are the potential consequences for failing to comply with KYC requirements in the US? I'm interested in understanding the legal framework surrounding KYC in the American crypto market. Is KYC mandatory in the USA?

Is KYC mandatory in the USA?

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