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It’s important that the company be able to ascertain that the exchange or custodian in question is abiding by all appropriate laws and regulations. Items on the regulatory radar for exchanges and custodians include, among others, compliance with all anti-money-laundering and know-your-customer regulations, measures related to counterterrorism, and rules set by the Office of Foreign Assets Control. As with crypto accounting and tax, the rules and regulations vary by jurisdiction. Hence, to help ensure compliance, it would be wise to seek advice from informed legal counsel. For savvy investors, diversification is an important concept to follow. That could mean adding Bitcoin and other cryptocurrencies to your portfolio. If yoursquove done your research, understand how Bitcoin works, and still think it makes sense for you, investing your first $100 in Bitcoin could be a good way to dip your toe in the crypto water before making a larger, riskier commitment.