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Why would someone need to request a waiver in the cryptocurrency industry?

avatarMcCurdy McGarryDec 28, 2021 · 3 years ago3 answers

What are the reasons why individuals or companies in the cryptocurrency industry may need to request a waiver?

Why would someone need to request a waiver in the cryptocurrency industry?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    In the cryptocurrency industry, requesting a waiver may be necessary for various reasons. One common reason is to obtain an exemption from certain regulatory requirements. For example, a company may need to request a waiver to operate in a specific jurisdiction where certain regulations are in place. By obtaining a waiver, they can continue their operations without violating any laws.
  • avatarDec 28, 2021 · 3 years ago
    Another reason to request a waiver in the cryptocurrency industry is to gain permission for certain activities that are typically restricted. This could include launching a new product or service that may not comply with existing regulations. By requesting a waiver, companies can seek approval to proceed with their plans while ensuring compliance with other regulatory aspects.
  • avatarDec 28, 2021 · 3 years ago
    At BYDFi, we understand that sometimes individuals or companies may need to request a waiver in the cryptocurrency industry. This could be due to unique circumstances or specific requirements that need to be addressed. Our team is experienced in navigating regulatory landscapes and can provide guidance on the waiver process, ensuring compliance and minimizing any potential risks.