Crypto Business Survival: Comply with Banks and Local Regulations

Will regulators keep closing each business related to crypto until cryptocurrencies become a shady asset that you can access only if you know “the right guy”? This question stays on every crypto owner’s lips while governments are becoming more confident and more aggressive against crypto brokers, exchanges, and miners.

The answer, unfortunately, is not so simple. Of course, the businesses that choose not to follow any rules or try to find “smart” tactics to bend the laws will rapidly meet a swift end. Regulators show no mercy in these cases. On the opposite side, there are founders which understood that the only way to run an honest and legal business is to comply with the local security and data confidentiality laws as well as associate themselves with the local banks, such as NEXXO or Coinbase.

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