Regulators have been slow to introduce legislation around crypto assets for over a decade due to the cryptocurrencies being built on decentralized technology — but this is changing.

Cryptocurrency compliance is an extremely critical part of the sector and many industry players are beginning to adhere to regulatory standards which helps prevent fraud.

Volatility is the name of the game when it comes to crypto investing and the sector has been rife with scammers who are quick to impersonate, individuals making illicit transactions, pump and dump schemes or rug pulls as well as scams offering fraudulent crypto tokens.

Know your customer (KYC) onboarding and anti-money laundering (AML) are crucial procedures when it comes to identifying identity.

There are a number of organizations out there already offering compliance services for those looking to operate seamlessly with cryptocurrencies, firms such as TRM Labs, Scorechain, Solidus Labs, AMLT Network, BitFury, DigiShares, Chainalysis and Elliptic.

To learn more about crypto compliance and the impact of regulation, join Benzinga Fintech Deal Day & Awards on Nov. 13 and Future of Digital Assets on Nov. 14 in New York City to stay updated on trends like AI, regulations, SEC actions, and institutional adoption in the crypto space. Secure early bird discounted tickets now! What's more, use BZCRYPTO code to get 20% OFF.

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