US cryptocurrency start-ups offering non-custodial services could soon be granted brokerage licences, according to a statement from the SEC and the Financial Industry Regulatory Authority. But... The move is part of an effort by regulators in Washington DC to crack down on so-called “money transmitters” that are not subject to anti-money-laundering (AML) regulations.
US cryptocurrency start-ups offering non-custodial services could soon be granted brokerage licences, according to a statement from the SEC and the Financial Industry Regulatory Authority. The move is part of an effort by regulators in Washington DC to crack down on so-called “money transmitters” that are not subject to anti-money-laundering (AML) regulations.