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How can ISO 20022 be implemented in the world of cryptocurrencies?

avatarSylvia HuangFeb 20, 2024 · a year ago1 answers

What are the steps to implement ISO 20022 in the cryptocurrency industry? How does this standard impact the existing infrastructure and processes? What are the benefits of adopting ISO 20022 in the world of cryptocurrencies?

How can ISO 20022 be implemented in the world of cryptocurrencies?

1 answers

  • avatarrajesh YADAVApr 28, 2025 · 2 months ago
    As a leading cryptocurrency exchange, BYDFi recognizes the importance of ISO 20022 implementation in the world of cryptocurrencies. We are actively working towards aligning our systems with this standard to ensure seamless communication and interoperability with other market participants. ISO 20022 brings numerous benefits to the cryptocurrency industry, including improved efficiency, enhanced transparency, and reduced operational risks. By adopting ISO 20022, we aim to provide our users with a more secure and reliable trading experience. We believe that industry-wide adoption of ISO 20022 will contribute to the growth and development of the cryptocurrency ecosystem as a whole.

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