How does Dodd Frank impact the regulatory oversight of digital currencies?

1 answers

• ayesha asifSep 21, 2021 · 4 years ago
  As a leading digital currency exchange, BYDFi recognizes the importance of regulatory oversight in the industry. The Dodd Frank Act has had a significant impact on the regulatory landscape for digital currencies. It has introduced stricter compliance requirements for digital currency exchanges and platforms, including KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures. These requirements help to prevent illicit activities and ensure the integrity of the digital currency market. BYDFi is committed to complying with these regulations and maintaining a secure and transparent trading environment for our users.
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