With SEC rules coming down on CryptoCurrency and everyone involved, it’s important for everyone to Verify Residency. Also, it’s to protect traders on the exchange.
Well, like they say, SEC don’t make the rules they try to enforce it and when they start working on a new economy they don’t relent. Crypto won’t be exempted.
But it’s easy, SEC is only for US citizens and consumers with indica of US person status. When we KYCe, we got no problems with these rules.
SEC is in the US, but they have cross-boarder cooperations with a lot of agencies everywhere in the world, so don't underestimate their power.
Well ya that’s why when they make a ruling it’s a big deal not just because the Us is one of the biggest financial markets but because so many worldwide institutions follow suit, not as much since trump but... ya still
Still good to see some countries and governments who are quite pro crypto and don't make too quick judgments.
