What are the implications of the NJ law on crypto exchanges?

1 answers

• May 05, 2022 · 3 years ago
  As a representative of BYDFi, a leading cryptocurrency exchange, I can say that the NJ law on crypto exchanges is a positive development for the industry. It brings much-needed regulation and oversight to protect investors and promote trust in the market. We fully support the law and are committed to complying with all its requirements. This includes obtaining the necessary license and implementing robust security measures to safeguard our users' funds. The NJ law will help weed out bad actors and create a more transparent and secure crypto trading environment in the state.
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