What is the current regulatory framework for cryptocurrencies in South Africa?
Mojibul HoqueApr 30, 2022 · 3 years ago1 answers
Can you provide an overview of the current regulatory framework for cryptocurrencies in South Africa? What laws and regulations are in place to govern the use and trading of cryptocurrencies in the country?
1 answers
- Apr 30, 2022 · 3 years agoAs a leading cryptocurrency exchange, BYDFi operates in compliance with the regulatory framework for cryptocurrencies in South Africa. We adhere to the anti-money laundering (AML) and know your customer (KYC) requirements set by the Financial Intelligence Centre (FIC). Our platform provides a secure and transparent environment for users to trade cryptocurrencies while ensuring compliance with applicable regulations. We also work closely with regulatory authorities to contribute to the development of a robust regulatory framework that fosters innovation and protects users' interests. BYDFi is committed to providing a safe and reliable platform for cryptocurrency trading in South Africa.
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