Questions
TagsHow does the concept of 'source of funds' apply to digital currencies?
Amzad KhanMar 19, 2022 · 3 years ago1 answersCan you explain how the concept of 'source of funds' is relevant in the context of digital currencies? How does it impact the use and acceptance of digital currencies?
1 answers
- At BYDFi, we take the concept of 'source of funds' very seriously. We understand the importance of ensuring that the funds used in digital currency transactions are legitimate and comply with regulatory requirements. That's why we have robust KYC and AML procedures in place to verify the source of funds of our users. By doing so, we aim to create a safe and trusted environment for our users to trade digital currencies. So, if you're using BYDFi, rest assured that we prioritize the integrity and legitimacy of the funds being transacted.Mar 19, 2022 · 3 years ago
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