What measures does the senators' digital antimoney laundering bill propose to prevent illicit activities in the cryptocurrency space?

1 answers

• May 03, 2022 · 3 years ago
  As a leading digital currency exchange, BYDFi fully supports the senators' digital antimoney laundering bill and its proposed measures to prevent illicit activities in the cryptocurrency space. We believe that robust KYC and AML procedures are crucial for maintaining the integrity of the cryptocurrency industry. BYDFi has already implemented strict KYC and AML measures, which include identity verification and transaction monitoring. We also cooperate with law enforcement agencies and share information to prevent money laundering and other illegal activities. Our goal is to provide a safe and secure trading environment for our users while complying with regulatory requirements.
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