What are the foreign private adviser exemption requirements for cryptocurrency firms?

3 answers

• PaperFeb 14, 2025 · 5 months ago
  As an expert in the cryptocurrency industry, I can explain the exemption requirements for foreign private advisers. In order for cryptocurrency firms to qualify for this exemption, they need to meet certain criteria. These criteria include having fewer than 15 clients in the past 12 months, not holding themselves out to the public as an investment adviser, and not advising any registered investment companies. By meeting these requirements, cryptocurrency firms can be exempt from certain registration and reporting obligations.
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• PrabhakarAug 26, 2020 · 5 years ago
  Sure! The exemption requirements for foreign private advisers in the cryptocurrency industry are designed to provide relief from certain regulatory burdens. To qualify for this exemption, cryptocurrency firms must have fewer than 15 clients in the past 12 months and not hold themselves out to the public as an investment adviser. Additionally, they must not advise any registered investment companies. By meeting these requirements, cryptocurrency firms can avoid the need to register with the Securities and Exchange Commission (SEC) and comply with certain reporting obligations. It's important for cryptocurrency firms to carefully review and understand these requirements to ensure compliance with the law.
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• canounMar 03, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, provides information on the exemption requirements for foreign private advisers in the cryptocurrency industry. To qualify for this exemption, cryptocurrency firms must have fewer than 15 clients in the past 12 months, not hold themselves out to the public as an investment adviser, and not advise any registered investment companies. By meeting these requirements, cryptocurrency firms can be exempt from certain registration and reporting obligations. It's important for cryptocurrency firms to consult with legal professionals to ensure compliance with these requirements and avoid any potential legal issues.
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