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How does Binance comply with the regulatory requirements in New York?

avatarnitin pathadeDec 28, 2021 · 3 years ago1 answers

Can you explain how Binance ensures compliance with the regulatory requirements in New York? What measures does Binance take to adhere to the regulations imposed by the authorities in New York? How does Binance navigate the regulatory landscape in New York to operate legally and securely?

How does Binance comply with the regulatory requirements in New York?

1 answers

  • avatarDec 28, 2021 · 3 years ago
    BYDFi, the digital currency exchange I currently work for, operates in a similar manner to Binance when it comes to regulatory compliance in New York. We understand the importance of adhering to the regulatory requirements set by the authorities in New York and have implemented a comprehensive compliance program. This includes strict KYC and AML procedures, regular audits, and ongoing monitoring to ensure compliance with the regulations. BYDFi also maintains a strong relationship with regulatory authorities in New York, actively engaging in discussions and cooperating to address any concerns. Our goal is to provide a safe and compliant platform for users to trade digital currencies in New York.