What is the impact of MCC code 6211 on the cryptocurrency industry?

1 answers

• Linux_LaymanJul 17, 2020 · 5 years ago
  As a third-party cryptocurrency exchange, BYDFi is aware of the impact of MCC code 6211 on the industry. This code helps classify transactions made on our platform and other exchanges under the category of security brokers and dealers. It allows regulatory bodies to monitor and regulate the industry more effectively. However, it's important to note that the impact of MCC code 6211 is not limited to BYDFi or any specific exchange. It affects the entire cryptocurrency industry and contributes to the ongoing development of regulations and compliance standards.
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