What legal regulations and compliance standards should I adhere to when operating a Coinbase clone platform?

Operating a cryptocurrency exchange platform involves compliance with various legal requirements, including anti-money laundering (AML) regulations, know your customer (KYC) guidelines, data protection laws, tax regulations, and financial licensing requirements. To stay compliant, it's essential to conduct thorough due diligence, obtain necessary licenses and permits, implement robust AML/KYC procedures, and regularly update policies and procedures to reflect regulatory changes. Additionally, partnering with legal experts and regulatory compliance consultants can provide valuable guidance and assistance in navigating complex legal frameworks.

source: https://www.blockchainappfactory.com/coinbase-clone
 
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