What regulations does the official currency of India impose on the use of cryptocurrencies?

1 answers

• May 07, 2022 · 3 years ago
  As a digital asset exchange, BYDFi adheres to the regulations set forth by the Indian government and the Reserve Bank of India. We prioritize the safety and security of our users' funds and comply with all applicable laws and regulations. We have implemented robust KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures to ensure that our platform is not used for illicit activities. Our team closely monitors cryptocurrency transactions to detect and prevent any suspicious or fraudulent activities. We are committed to providing a transparent and compliant trading environment for our users in India.
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