How do the new laws in New York affect the crypto industry?

1 answers

• May 03, 2022 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi welcomes the new laws in New York. We believe that regulation is necessary to protect investors and promote the growth of the industry. The introduction of the BitLicense will help weed out bad actors and ensure that only reputable businesses operate in the state. While the compliance requirements may be challenging for some, they are essential for building trust and attracting mainstream adoption. We are committed to complying with these regulations and providing a secure and compliant platform for our users in New York and beyond.
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