Cryptocurrency Q&A
Is P2P legal crypto?
Is P2P legal crypto?
CryptoMagician
Tue Apr 01 2025
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6
answers
1403
I'm wondering if P2P (peer-to-peer) transactions involving cryptocurrencies are considered legal. I've heard mixed opinions on this topic and would like to get a clear understanding of the legality of such transactions, especially in the current regulatory environment.
6 answers
EchoWhisper
Thu Apr 03 2025
To operate legally, platforms engaged in such trading must undergo registration with the relevant financial authorities.
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Elena
Thu Apr 03 2025
Compliance with stringent Anti-Money Laundering (AML) regulations is mandatory for these platforms.
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Tommaso
Thu Apr 03 2025
Knowing Your Customer (KYC) standards also need to be rigorously adhered to, ensuring the identity of traders is verified.
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SsangyongSpirited
Thu Apr 03 2025
The Financial Services Agency (FSA) plays a pivotal role in overseeing the cryptocurrency trading industry.
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Lorenzo
Thu Apr 03 2025
P2P crypto trading is deemed legal within certain jurisdictions.
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