Crypto exchange licensing refers to the legal authorization required for cryptocurrency exchanges to operate within specific jurisdictions. These licenses are issued by financial regulators and typically mandate adherence to anti-money laundering (AML) and know-your-customer (KYC) protocols. Such regulations aim to protect consumers and prevent illicit financial activities. Obtaining these licenses is essential for exchanges seeking legitimacy and broader market access.
Context
News frequently reports on regulatory actions, new licensing frameworks, or exchanges securing operational permits in various countries. The absence or presence of appropriate licensing significantly impacts an exchange’s ability to serve specific markets. Regulatory scrutiny concerning these licenses continues to shape the global digital asset trading landscape. Compliance with these standards is a critical factor for investor confidence and market stability.
The UK's new DASP framework mandates exchanges and brokers meet traditional finance standards for resilience, fundamentally altering operational compliance architecture.
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