How does FINRA regulation affect cryptocurrency exchanges?

1 answers

• May 06, 2022 · 3 years ago
  As a third-party cryptocurrency exchange, BYDFi is not directly regulated by FINRA. However, we still prioritize the safety and security of our users' funds and data. We have implemented robust AML and KYC procedures to prevent money laundering and ensure the legitimacy of our users. Additionally, we have invested heavily in cybersecurity measures to protect against hacking and unauthorized access. While FINRA's regulations do not directly apply to us, we believe in following best practices and industry standards to provide a secure and reliable trading platform for our users.
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