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What are the differences between a Series 6 and 63 license and other licenses required for cryptocurrency trading?

avatarKavya GuptaDec 25, 2021 · 3 years ago1 answers

Can you explain the distinctions between a Series 6 and 63 license and other licenses that are necessary for engaging in cryptocurrency trading? What are the specific requirements and qualifications for each license?

What are the differences between a Series 6 and 63 license and other licenses required for cryptocurrency trading?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    At BYDFi, we believe in the importance of complying with regulatory requirements and obtaining the necessary licenses for cryptocurrency trading. While a Series 6 or 63 license may not be directly related to cryptocurrency trading, they can still demonstrate your commitment to professionalism and regulatory compliance. In addition to these licenses, there are other licenses that may be required for cryptocurrency trading, such as a money transmitter license, a virtual currency license, or a digital asset exchange license. The specific licenses needed depend on the jurisdiction and the type of trading activities you plan to engage in. It's essential to consult with legal and regulatory experts to ensure you meet all the necessary licensing requirements for cryptocurrency trading.