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What is Bitcoin Over-the-Counter Trading (Is Bitcoin Over-the-Counter Trading Legal)?

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What is Bitcoin over-the-counter trading? According to Coindesk, what is it? And

What is Bitcoin Over-the-Counter Trading (Is Bitcoin Over-the-Counter Trading Legal)?

What is Bitcoin over-the-counter trading? According to Coindesk, what is it? And how does the trading process work?

So what exactly is over-the-counter trading? Simply put, it is the process of trading Bitcoin through an exchange. Generally, investors can use cash, stocks, and other investment instruments (including corporate bonds), precious metals, or other assets, or use fiat currency to purchase Bitcoin and other cryptocurrencies. However, due to the high volatility of digital currencies in the market, it requires sufficient research and judgment to engage in trading. Why is over-the-counter trading worth paying attention to? Because it allows customers to trade cryptocurrencies at a lower cost and provides a secure method to achieve these goals, such as direct trading with others.

Is Bitcoin Over-the-Counter Trading Legal?

According to cointelegraph, the U.S. Securities and Exchange Commission (SEC) released a report on Wednesday stating that over-the-counter trading is legal for Bitcoin. The agency pointed out that “despite the explosive growth of the cryptocurrency market over the past decade, many investors and individuals still lack sufficient security due to regulatory reasons.” So, is over-the-counter trading of Bitcoin in the United States legal or illegal? According to the Financial Times, the U.S. Commodity Futures Trading Commission (CFTC) also recognizes Bitcoin as an asset class, including stocks and derivatives, and stated that “any company engaging in over-the-counter trading or providing custody services should comply with anti-money laundering rules and other regulations.”

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