I do not believe there is any US regulation that denies brokerage accounts to foreigners or minors. If they do, it may be an independent decision by brokerage firms simple because they don't want to deal with the extra paperwork.
Being a BD means a whole ton of paperwork, compliance and regulation. You have to abide by KYC and AML rules (Know Your Client and Anti-Money Laundering). People in charge of accounts need to become registered reps and take 1 of the Series Exams administered by FINRA. I imagine there will be some changes to incorporate crypto into the licensing.
Being a BD means a whole ton of paperwork, compliance and regulation. You have to abide by KYC and AML rules (Know Your Client and Anti-Money Laundering). People in charge of accounts need to become registered reps and take 1 of the Series Exams administered by FINRA. I imagine there will be some changes to incorporate crypto into the licensing.