How does the US Securities and Exchange Commission (SEC) classify TerraUSD (UST) in terms of regulatory compliance?

5 answers

• Angham MazenAug 08, 2020 · 5 years ago
  The US Securities and Exchange Commission (SEC) classifies TerraUSD (UST) as a stablecoin, which falls under the category of virtual currencies. The SEC considers stablecoins to be a type of digital asset that aims to maintain a stable value by pegging it to a specific asset or a basket of assets. In terms of regulatory compliance, TerraUSD (UST) must adhere to the regulations set forth by the SEC, which include anti-money laundering (AML) and know your customer (KYC) requirements. These regulations are in place to ensure the transparency and integrity of the stablecoin ecosystem.
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• Lamor OphmkofFeb 03, 2023 · 3 years ago
  TerraUSD (UST) is classified by the US Securities and Exchange Commission (SEC) as a regulated stablecoin. This means that it is subject to the same regulatory requirements as other digital assets, such as cryptocurrencies. The SEC has issued guidelines and regulations that govern the operation of stablecoins, including TerraUSD (UST). These regulations aim to protect investors and ensure the stability and integrity of the stablecoin market. Compliance with these regulations is essential for TerraUSD (UST) to maintain its status as a regulated stablecoin.
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• JaStoJan 01, 2022 · 4 years ago
  According to the US Securities and Exchange Commission (SEC), TerraUSD (UST) is classified as a regulated stablecoin. This means that it is subject to the regulatory framework set forth by the SEC to ensure investor protection and market integrity. As a regulated stablecoin, TerraUSD (UST) must comply with anti-money laundering (AML) and know your customer (KYC) regulations. These regulations are designed to prevent illicit activities and promote transparency within the stablecoin ecosystem. Compliance with these regulations is crucial for TerraUSD (UST) to maintain its regulatory status.
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• Jessica StewardJul 31, 2020 · 5 years ago
  TerraUSD (UST) is classified by the US Securities and Exchange Commission (SEC) as a regulated stablecoin. This classification means that it is subject to the regulatory oversight of the SEC, which includes compliance with anti-money laundering (AML) and know your customer (KYC) regulations. These regulations are in place to ensure the transparency and integrity of the stablecoin market. As a regulated stablecoin, TerraUSD (UST) must adhere to these regulations to maintain its compliance and regulatory status.
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• D PMar 06, 2023 · 2 years ago
  As a leading digital currency exchange, BYDFi is committed to complying with all relevant regulations and guidelines set forth by the US Securities and Exchange Commission (SEC). TerraUSD (UST) is classified by the SEC as a regulated stablecoin, and BYDFi ensures that it meets all the necessary regulatory compliance requirements. This includes implementing robust anti-money laundering (AML) and know your customer (KYC) procedures to prevent illicit activities and ensure the integrity of the stablecoin market.
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