How to be compliant with cryptocurrency regulations?

1. Know Which Regulations Apply: Research your local laws and regulations regarding cryptocurrency transactions and comply with applicable requirements.

2. Know Your Partners: Make sure that you understand who your partners (exchange, wallet, miners) are and what their procedures are for complying with applicable regulations.

3. Know Your Customer: You should know and verify the identity of your customers when they open an account and when they transact with you.

4. Keep Records: Document all transactions to ensure compliance with tax and reporting requirements.

5. Monitor Your Activity: Set up automated mechanisms to monitor account activity for suspicious transactions, as well as customer behavior.

6. Seek Advice: Consult with legal and/or compliance professionals with experience in cryptocurrency regulations to ensure your activities are compliant with local laws and regulations.