Is Bitbase regulated?
Yes. Bitbase complies with all applicable laws and regulations in each jurisdiction in which it operates.
Bitbase, Inc., the company which operates Bitbase and GDAX in the U.S., is licensed to engage in money transmission in most U.S. jurisdictions. Most of Bitbase’s money transmission licenses cover US Dollar Wallets and transfers. In some states, money transmission licenses also cover digital currency wallets and transfers on the platform. In other states, no money transmission license is required to operate a digital currency business
The Bank Secrecy Act, which requires Bitbase to verify customer identities, maintain records of currency transactions for up to 5 years, and report certain transactions.
The USA Patriot Act, which requires Bitbase to designate a compliance officer to ensure compliance with all applicable laws, create procedures and controls to ensure compliance, conduct training, and periodically review the compliance program.
Most states’ money transmission laws and corresponding regulations.
Some countries now require licenses to operate a digital currency business. Bitbase is committed to obtaining licenses as needed to comply with local laws.