What legal frameworks should cryptocurrency companies follow in the USA?
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Legal Framework for Cryptocurrencies in the USA
Legal Framework for Cryptocurrencies in the USA
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Cryptocurrency companies in the USA must adhere to federal laws like the Bank Secrecy Act, register with FinCEN, and comply with state-specific money transmission laws. Licensing ensures that businesses operate legally and avoid penalties. For a step-by-step guide to meeting these requirements, check out this resource: https://prifinance.com/en/cryptocurrency-license/usa/ It’s highly detailed and helpful for new businesses.