Duties compliance refers to the adherence to regulations and legal obligations concerning the use and trading of cryptocurrencies. This includes following laws related to anti-money laundering (AML), know your customer (KYC) requirements, tax obligations, and other financial regulations.Entities involved in cryptocurrencies, such as exchanges, wallets, and businesses that accept crypto payments, must ensure that they monitor transactions, verify the identities of their users, and report suspicious activities. This helps to prevent illegal activities and provides transparency within the ecosystem.Compliance also extends to individual users who need to understand their tax responsibilities and declare any gains or losses from trading. Governments across different jurisdictions are implementing stricter regulations, making it essential for everyone involved to stay informed and compliant.Failure to comply can lead to legal consequences, fines, or restrictions, making understanding and fulfilling duties compliance crucial for the long-term sustainability and acceptance of cryptocurrencies.