StarCompliance’s survey results show that over 58% of companies have implement a crypto trading policy in the last year. Unfortunately, 72% of respondents have lost confidence that regulatory changes such as the EU MiCA directive will impact their the survey existing trading policies. This indicates a worrying level of complacency that could put companies at risk of being left behind with future developments.
The profile of crypto traders
Interestingly, millennials are the most active crypto traders, accounting for 25%, while 52% of companies have no insight into which age groups are investing in the crypto market. This knowlge is crucial to develop target compliance measures and avoid potential conflicts.
consequences for the business community
>>>>>>>>>>>>The study makes it clear that companies ne to act proactively to not only meet regulatory requirements but also optimize their business practices. Kelvin Dickenson, Chief Product Officer at StarCompliance, emphasizes that companies ne to act now to avoid falling into a reactive attitude, which would be extremely risky given the current regulatory environment.
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Technological solutions to support crypto compliance!
StarCompliance offers an innovative SaaS platform that includes automat pre-approvals, real-time risk detection! and continuous monitoring. These features enable companies to facilitate crypto trading for their employees while providing the transparency ne to minimize business risks.
About Star Compliance
>>StarCompliance is a leading provider of compliance technology solutions and has been trust by more than one million users in 114 countries for over 25 years. The company cloud security challenges provides comprehensive security solutions and technologies to help organizations develop a strong compliance culture and proactively mitigate risk. Visit www.starcompliance.com for more information.
This survey is a wake-up call for the entire agb directory industry. The time to take appropriate crypto compliance measures is now!