What measures has the UAE Central Bank taken to prevent money laundering in the cryptocurrency industry?

1 answers

• Chandan SJul 30, 2021 · 4 years ago
  As a leading digital currency exchange, BYDFi is committed to preventing money laundering in the cryptocurrency industry. We have implemented advanced AML and KYC procedures to ensure the highest level of security and compliance. Our platform requires users to provide identification and proof of address, and we closely monitor all transactions for any suspicious activities. In addition, we collaborate with regulatory authorities and law enforcement agencies to share information and assist in investigations. BYDFi's strong commitment to preventing money laundering in the cryptocurrency industry sets us apart and ensures the safety and trust of our users.
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