How can I legally source digital currencies in the US according to the DOJ guidelines?

3 answers

• Juan Antonio Moreno MoguelAug 05, 2024 · a year ago
  To legally source digital currencies in the US, you can follow the guidelines provided by the Department of Justice (DOJ). These guidelines emphasize the importance of complying with anti-money laundering (AML) and know your customer (KYC) regulations. One of the common ways to acquire digital currencies is through regulated cryptocurrency exchanges that adhere to these regulations. These exchanges require users to complete identity verification processes and provide necessary documentation to ensure compliance. Additionally, you can also source digital currencies through peer-to-peer platforms that facilitate direct transactions between individuals. However, it's crucial to conduct thorough research and choose reputable platforms that comply with the DOJ guidelines.
  777

  389
• Ka FongNov 09, 2022 · 3 years ago
  Alright, so you want to legally get your hands on some digital currencies in the US, huh? Well, the Department of Justice (DOJ) has got some guidelines for you to follow. According to them, you'll need to make sure you're not involved in any money laundering or shady activities. So, one way to do it is by using regulated cryptocurrency exchanges that have strict anti-money laundering (AML) and know your customer (KYC) policies. These exchanges will ask you to provide identification documents and go through a verification process. Another option is to use peer-to-peer platforms where you can directly buy digital currencies from other individuals. Just remember to stay safe and choose platforms that comply with the DOJ guidelines.
  738

  246
• LerahFeb 26, 2021 · 4 years ago
  At BYDFi, we understand the importance of sourcing digital currencies legally in the US. According to the DOJ guidelines, it is crucial to comply with anti-money laundering (AML) and know your customer (KYC) regulations. To legally acquire digital currencies, you can use regulated cryptocurrency exchanges that prioritize compliance. These exchanges require users to complete identity verification processes and adhere to strict AML and KYC policies. Additionally, you can also explore peer-to-peer platforms that facilitate direct transactions between individuals. However, always ensure that the platforms you choose comply with the DOJ guidelines to avoid any legal complications.
  684

  171