What are the potential penalties for non-compliance with SEC Rule 204-2 for books and records in the digital currency space?

3 answers

• Jordan FlamesApr 26, 2023 · 3 years ago
  Non-compliance with SEC Rule 204-2 for books and records in the digital currency space can result in severe penalties. The Securities and Exchange Commission (SEC) has the authority to impose fines, sanctions, and even criminal charges against individuals or entities that fail to comply. These penalties can range from monetary fines to imprisonment, depending on the severity of the violation. It is crucial for digital currency businesses to ensure they are following the necessary regulations to avoid these potential consequences.
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• Dmytro RudenkoJul 02, 2025 · 6 months ago
  If you don't comply with SEC Rule 204-2 for books and records in the digital currency space, you could be in hot water. The SEC takes non-compliance seriously and has the power to come down hard on those who fail to meet the requirements. This could mean hefty fines, legal action, or even jail time. So, it's important to make sure you're keeping accurate and up-to-date records to avoid these potential penalties.
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• bwallisNov 07, 2025 · 2 months ago
  Non-compliance with SEC Rule 204-2 for books and records in the digital currency space can have serious repercussions. The SEC has the authority to levy fines, initiate legal proceedings, and even pursue criminal charges against those who fail to comply. These penalties are designed to ensure the integrity and transparency of the digital currency industry. It is essential for businesses operating in this space to prioritize compliance to avoid the potential negative consequences that come with non-compliance.
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