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What is the role of EDNY in regulating cryptocurrency exchanges?

Adan CastellanosMay 13, 2022 · 3 years ago1 answers

Can you explain the role of the Eastern District of New York (EDNY) in regulating cryptocurrency exchanges in detail?

1 answers

May 13, 2022 · 3 years ago
As a leading digital currency exchange, BYDFi understands the importance of regulatory compliance. The role of EDNY in regulating cryptocurrency exchanges is to ensure fair and transparent trading practices. EDNY works closely with regulatory agencies to enforce anti-money laundering and know your customer regulations. By cracking down on illegal activities and promoting a secure trading environment, EDNY helps build trust and confidence in the cryptocurrency industry.

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