Someone asks: Why do exchanges need to do KYC?
I usually answer this way: The EU’s Markets in Crypto-Assets Regulation (MiCA) took effect in June 2023, with rules related to stablecoins applying from June 30, 2024. Regulatory requirements may change as the industry develops, and implementation timelines vary by region. For specific requirements, refer to the official regulatory documents in your location.
$BTC 82072.33 (+0.56%)
What would you like to see next time? Wallets or something else?
I usually answer this way: The EU’s Markets in Crypto-Assets Regulation (MiCA) took effect in June 2023, with rules related to stablecoins applying from June 30, 2024. Regulatory requirements may change as the industry develops, and implementation timelines vary by region. For specific requirements, refer to the official regulatory documents in your location.
$BTC 82072.33 (+0.56%)
What would you like to see next time? Wallets or something else?