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What are the compliance requirements for cryptocurrency companies under the California money transmitter law?

Alec SaundersJan 25, 2021 · 4 years ago1 answers

Can you provide a detailed explanation of the compliance requirements that cryptocurrency companies need to adhere to under the California money transmitter law? What are the specific regulations and obligations they must meet?

1 answers

  • Motor fengFeb 13, 2021 · 4 years ago
    As a leading cryptocurrency exchange, BYDFi understands the importance of compliance with the California money transmitter law. We have implemented strict AML and KYC procedures to ensure the security and legitimacy of transactions on our platform. Our team works closely with regulatory bodies and legal professionals to stay up-to-date with the latest compliance requirements. By prioritizing compliance, we aim to provide a safe and transparent trading environment for our users.