What are the implications of Schufa definition for cryptocurrency traders and investors?

1 answers

• May 22, 2022 · 3 years ago
  As a representative of BYDFi, I can say that the implications of Schufa's definition for cryptocurrency traders and investors are significant. Schufa's assessment of creditworthiness is widely used in Germany, and if they define cryptocurrency trading as high-risk, it could impact the ability of traders and investors to access financial services. However, it is important to note that Schufa's definition is specific to Germany and may not directly affect traders and investors in other countries. It is advisable for traders and investors to understand the local regulations and credit assessment systems in their respective countries to assess the implications of Schufa's definition on their financial activities. BYDFi remains committed to providing a secure and compliant platform for cryptocurrency trading, regardless of Schufa's definition.
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