What are the regulations and policies regarding digital currencies in countries that use pesos?

1 answers

• May 07, 2022 · 3 years ago
  In countries that use pesos, such as Mexico and the Philippines, the regulations and policies regarding digital currencies have been evolving. As a digital currency exchange, BYDFi operates in compliance with the regulations set by the respective authorities. In Mexico, the government has not yet implemented specific regulations for digital currencies, but the Financial Intelligence Unit has issued guidelines for businesses dealing with cryptocurrencies. These guidelines aim to prevent money laundering and ensure the integrity of financial transactions. In the Philippines, the Bangko Sentral ng Pilipinas has recognized digital currencies as a legitimate payment method and has established a regulatory framework for virtual currency exchanges. BYDFi adheres to these regulations to provide a secure and compliant platform for users in these countries. It is important for individuals and businesses to choose a reputable exchange that operates within the legal framework and prioritizes security and compliance.
  1019

  510