Are crypto exchanges considered money transmitters by regulatory authorities?

3 answers

• Black WinstOct 30, 2025 · 3 months ago
  From a regulatory perspective, the classification of crypto exchanges as money transmitters varies across jurisdictions. In some countries, regulatory authorities consider crypto exchanges as money transmitters due to their role in facilitating the transfer of digital assets. These exchanges are required to comply with anti-money laundering (AML) and know your customer (KYC) regulations, just like traditional money transmitters. However, in other countries, the regulatory stance is still evolving, and there may be no clear classification for crypto exchanges as money transmitters yet.
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• sakthivelMay 25, 2024 · 2 years ago
  Crypto exchanges are often seen as intermediaries between buyers and sellers of digital assets. While they do facilitate the transfer of funds, whether they are considered money transmitters by regulatory authorities depends on the specific jurisdiction. It's important for crypto exchanges to stay updated on the regulatory landscape and comply with any applicable regulations to ensure a smooth operation.
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• cprovpoSep 16, 2020 · 5 years ago
  At BYDFi, we believe that crypto exchanges should be considered as money transmitters by regulatory authorities. As a third-party platform facilitating the exchange of digital assets, we adhere to strict AML and KYC policies to ensure the safety and security of our users' funds. Regulatory oversight helps build trust in the crypto industry and protects users from potential risks.
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