Do you trade or invest in crypto in a state that has recently become regulated? You need to connect with Matt Leskanic of Surety Bond Professionals (781-559-0568) today!
Mr. Leskanic is a Surety Executive at Surety Bond Professionals that has over 30 years of surety industry experience. They are your go-to experts for the cryptocurrency bonds process.
Crypto money transmitter bonds are a type of money transmitter license bond which provide protection for those trading and investing in cryptocurrency. The bonds are typically required to be purchased by businesses that provide an exchange service or payment services utilizing crypto assets. It effectively guarantees that the business will abide by its money transmitter license and conduct business in a lawful and ethical manner.
Visit https://www.suretybondprofessionals.com/bitcoin-cryptocurrency-bonds to check out all of the details.
Crypto money transmitter bonds are required by the State agency handling the licensing of money transmitters. As well, FinCEN would argue that these bonds help enforce anti-money laundering (AML) policies. Regulatory policy is still somewhat unclear with several agencies (SEC, CFTC) wanting to have their voices heard on the newly emerging asset class.
The bonds allow you to invest and trade in states where digital currency is regulated. Protection is offered by bonding three parties together: the state requiring the bond, you as the money transmitter, and the company that underwrites and issues the bond.
After the signing of the Executive Order on Ensuring Responsible Development of Digital Assets earlier this year by President Joe Biden, professionals across the financial sector are expecting more cryptocurrency regulations. More states are expected to roll out surety bond requirements, in particular, to protect investors and traders as well as to prevent illegal activity.
An increasing number of states consider the exchange of digital currency to be a form of money transmission. In such cases, acquiring a surety bond is a necessary step in the money transmitter licensing process.
Surety Bond Professionals is a leader in the crypto money transmitter bond industry - and the team you should be working with. They are licensed in all 50 states and Puerto Rico.
The agency has access to over 25 different surety markets across the country. This makes it possible to offer you the most competitive surety bond terms and rates - it's as good as it gets!
The team uses a consultative approach that is based on relationship building and industry expertise. Once you get in touch, you'll get a custom quote at no charge.
About Surety Bond Professionals, Inc.
The family-owned and operated agency was founded in 2015 and is headquartered in Massachusetts. The business built its excellent reputation by providing surety bonds and is committed to the principles of service, integrity, and professionalism.
The professional staff makes the bonding process easy and straightforward. They have a reputation for doing everything right the first time, which will save you time and money. The team is accessible, flexible, and easy to work with.
Don’t let regulations stop you from trading cryptocurrency. It is easy to work with the changes in the industry when you have Surety Bond Professionals in your corner.
Go to https://www.suretybondprofessionals.com/bitcoin-cryptocurrency-bonds for your free cryptocurrency and Bitcoin bond quote!
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party, and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
