To encourage stability in the virtual currency space, becoming a fully compliant organization has become a key priority. What is less clear is ascertaining what mix of business activities are applicable to each particular license. Until consolidated federal guidance on Digital Assets is unveiled, companies seeking to operate in this space should evaluate current and anticipated activities for their applicability and adherence to the existing regulatory framework.
After attending this course, participants should be able to recognize:
— Who needs a license and why
— Key considerations for license selection
— What to expect from regulatory examiners (FILMS criteria)
— Areas of concern from a Compliance and Risk Management perspective