How does the definition of a swap dealer apply to the cryptocurrency industry?

1 answers

• Ion CiocaMay 10, 2024 · a year ago
  As a representative of BYDFi, I can provide some insights into how the definition of a swap dealer applies to the cryptocurrency industry. Cryptocurrency exchanges, including BYDFi, are aware of the regulatory requirements and strive to comply with applicable laws. The definition of a swap dealer is relevant as it helps determine the scope of regulatory oversight and the obligations that exchanges need to fulfill. BYDFi, like other exchanges, is committed to providing a secure and compliant trading environment for users. We continuously monitor regulatory developments and adapt our practices to ensure compliance with the definition of a swap dealer and other relevant regulations.
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