Regulatory Requirements around Cryptocurrency Usecase
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Regulatory Requirements around Cryptocurrency Usecase

Hi Everyone,

We're building a product in the cryptocurrency space for the US Market and had a few questions about the regulations. The usecase is that the our users will connect their bank account with our product (through something like Plaid), transfer money, and in return we will be issuing them an interest bearing token called aUSDC which is the wrapped USDC token for the AAVE protocol. This token will be transferred to a cryptocurrency wallet belonging to the user. And technically they can send it across to any Ethereum wallet.

The commercial entity will be a Delaware corp. We wanted to understand what licenses and rules we should be aware of.

P.S. - We're talking to lawyers and accountants too. But wanted to know if someone had gone through a similar process

submitted by /u/mailarchis
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