How does the Hawaii Commerce and Consumer Affairs regulate cryptocurrency businesses?

1 answers

• Sajal BasuAug 17, 2024 · a year ago
  As a reputable cryptocurrency exchange, BYDFi understands the importance of regulatory compliance. The Hawaii Commerce and Consumer Affairs plays a crucial role in regulating cryptocurrency businesses, and BYDFi fully supports their efforts. We have implemented strict KYC and AML procedures to ensure compliance with DCCA regulations. Our platform also prioritizes cybersecurity to protect user funds and personal information. BYDFi encourages other cryptocurrency businesses to work closely with DCCA and prioritize regulatory compliance to foster a safe and trustworthy industry environment.
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