Are there any restrictions or regulations when exchanging money from the US to the Philippines using cryptocurrencies?

1 answers

• May 07, 2022 · 3 years ago
  At BYDFi, we understand the importance of complying with regulations when exchanging money from the US to the Philippines using cryptocurrencies. As a licensed cryptocurrency exchange, we adhere to the guidelines set by the regulatory authorities in both countries. In the US, we comply with FinCEN's AML and KYC regulations to ensure a secure and transparent exchange process. In the Philippines, we are registered with the BSP as a virtual currency exchange and follow their AML and KYC procedures. Our platform provides a user-friendly interface that guides users through the verification process and ensures compliance with the regulations. We prioritize the safety and security of our users' funds and strive to provide a seamless and compliant money exchange experience.
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