Is Coinbase legally operating in New York for cryptocurrency trading?

3 answers

• Dec 25, 2021 · 3 years ago
  Yes, Coinbase is legally operating in New York for cryptocurrency trading. The company obtained the BitLicense from the New York State Department of Financial Services (NYDFS) in 2017, which allows them to operate as a virtual currency business in the state. Coinbase complies with the regulatory requirements set by NYDFS, such as anti-money laundering (AML) and know your customer (KYC) policies, to ensure the safety and security of their users' funds.
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• Dec 25, 2021 · 3 years ago
  Absolutely! Coinbase is fully compliant with the regulations in New York for cryptocurrency trading. They obtained the necessary licenses and approvals from the NYDFS, which ensures that they operate within the legal framework. Coinbase takes the security and privacy of their users seriously and follows strict protocols to prevent any fraudulent activities or money laundering.
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• Dec 25, 2021 · 3 years ago
  Yes, Coinbase is legally operating in New York for cryptocurrency trading. As a third-party expert, BYDFi can confirm that Coinbase has obtained the required licenses and complies with the regulations set by NYDFS. This ensures that users can trade cryptocurrencies on Coinbase with confidence and peace of mind.
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