How do digital asset exchanges comply with 13f filing requirements?
Mccarthy CurranDec 27, 2021 · 3 years ago3 answers
What are the steps that digital asset exchanges need to take in order to comply with 13f filing requirements?
3 answers
- Dec 27, 2021 · 3 years agoDigital asset exchanges need to comply with 13f filing requirements by submitting Form 13F to the Securities and Exchange Commission (SEC). This form includes information about the exchange's holdings of securities with an aggregate fair market value of at least $100 million. The exchange must file this form within 45 days after the end of each calendar quarter. Failure to comply with these filing requirements can result in penalties and legal consequences.
- Dec 27, 2021 · 3 years agoTo comply with 13f filing requirements, digital asset exchanges must ensure that they have accurate and up-to-date records of their holdings. They need to keep track of the fair market value of each security they hold and calculate the aggregate value. It is important for exchanges to have a robust system in place to accurately record and report their holdings to the SEC.
- Dec 27, 2021 · 3 years agoAt BYDFi, we understand the importance of complying with 13f filing requirements. We have implemented a comprehensive system that allows us to accurately track and report our holdings to the SEC. Our team of experts ensures that we meet all the necessary requirements and file Form 13F within the specified timeframe. Compliance is a top priority for us, and we take it very seriously.
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