How do you know if a crypto broker is regulated?
Michael Ellis
Copywriting Analyst, I Help CEOs Use Big Data To Increase Brand Loyalty By 95 %. LinkedIn's 7 Star Profile Development Award.
The responsibility is on you as an investor to be sure whether your cryptocurrency broker is regulated or not, regardless of the claims they make.
Thankfully, it is easy to check if your bitcoin broker is regulated by checking on the national financial markets' regulator in the country your cryptocurrency broker is located (which is, ideally, also the country you are residing in).
For example, a forex broker in the UK that sells bitcoin must be authorized and regulated by the Financial Conduct Authority (FCA).
This status can easily be verified by a UK resident who simply has to visit the Financial Services Register on the FCA website and type in the broker's name.
The results will detail the regulatory status, or lack thereof of the name searched.
Source:
Best Forex Brokers Accepting Bitcoin 2020 - FXEmpire.com