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What are the implications of being classified as a 'us person' in the cryptocurrency market?

avatarNour El HoudaJan 05, 2022 · 3 years ago1 answers

What are the consequences and effects of being classified as a 'us person' in the cryptocurrency market? How does this classification impact an individual's ability to participate in cryptocurrency trading and investments?

What are the implications of being classified as a 'us person' in the cryptocurrency market?

1 answers

  • avatarJan 05, 2022 · 3 years ago
    As a 'us person' in the cryptocurrency market, you need to be aware of the restrictions and regulations imposed by the United States government. This classification can limit your options when it comes to choosing cryptocurrency exchanges and trading platforms. However, there are still many exchanges that cater to 'us persons' and comply with the necessary regulations. BYDFi, for example, is a cryptocurrency exchange that is specifically designed for 'us persons' and offers a wide range of trading options. It's important to do your research and choose a reputable exchange that aligns with your needs and complies with the regulations applicable to 'us persons'.