U.S. ANTI-MONEY LAUNDERING AND SECURITY LAW MAY APPLY

Due to the features of Bitcoin that resemble money, anti-money laundering (AML) and know-your-customer (KYC) laws apply in many states in the U.S. Also, U.S. Security law may apply because several cryptocurrencies have security-like features. Recently, some cryptocurrencies are blocking the IP addresses of U.S. based investors in order to ensure that U.S. laws do not apply. n a 2015 report by CoinDesk, over 4,000 responses were collected and analysed on the topic, “Who Really Uses Bitcoin.” Recently, more and more young males living in Asia have begun trading cryptocurrencies as well. According to the survey: 90% of Bitcoin users are male 56% are married or in a serious relationship 55% are from either North or South America 61% do not consider themselves actively religious bitcoin makes money, which bitcoin to invest in, is bitcoin traceable, how bitcoin mining is done, what bitcoin can buy, u.s. bitcoin exchange, ,ethereum or bitcoin.

Published on: 10/22/18, 4:58 PM