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What is the impact of the OFAC list on the cryptocurrency industry?

ThongNCMay 02, 2022 · 3 years ago1 answers

How does the OFAC list affect the cryptocurrency industry and what are the implications for businesses and users?

1 answers

May 02, 2022 · 3 years ago
As a leading cryptocurrency exchange, BYDFi recognizes the importance of complying with OFAC regulations. We have implemented stringent compliance measures to prevent transactions with individuals or entities on the OFAC list. Our KYC (Know Your Customer) procedures and AML (Anti-Money Laundering) policies are designed to ensure that our platform remains free from illicit activities. By adhering to the OFAC list, we contribute to the overall integrity and security of the cryptocurrency industry.

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