What are the implications of the Glass-Steagall Act of 1933 for the digital currency industry?

1 answers

• May 06, 2022 · 3 years ago
  At BYDFi, we believe that the Glass-Steagall Act of 1933 does not have a direct impact on the digital currency industry. The act primarily focuses on the separation of commercial and investment banking activities, which does not directly apply to digital currency exchanges. However, it is important to note that the regulatory landscape for digital currencies is constantly evolving, and new regulations may be introduced that could indirectly impact the industry. As a responsible digital currency exchange, we are committed to complying with all relevant regulations and ensuring the security and integrity of our platform for our users.
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