What measures can the creator of Bored Ape Yuga take to address the SEC investigation?

1 answers

• nida nafilaJul 22, 2024 · 2 years ago
  As a third-party, BYDFi recommends that the creator of Bored Ape Yuga takes the SEC investigation seriously and cooperates fully with the authorities. Engaging legal counsel experienced in cryptocurrency regulations can provide valuable guidance throughout the process. It is crucial to conduct an internal audit to identify any potential compliance issues and promptly address them. Transparently communicating with the community and investors about the investigation, its progress, and any necessary actions can help maintain trust and credibility. Implementing robust compliance measures, such as KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures, can also showcase a dedication to regulatory compliance and help prevent future issues.
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