How does the Seychelles Financial Services Authority oversee cryptocurrency businesses?

1 answers

• Dec 27, 2021 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi understands the importance of regulatory oversight in the industry. The Seychelles Financial Services Authority (SFSA) plays a crucial role in overseeing cryptocurrency businesses in Seychelles. SFSA ensures that businesses comply with anti-money laundering and know-your-customer regulations to prevent illicit activities. They conduct regular audits and inspections to ensure compliance and take appropriate actions against non-compliant businesses. SFSA's oversight helps to protect investors and maintain the integrity of the market. BYDFi fully supports SFSA's efforts and works closely with them to ensure a safe and transparent trading environment for our users.
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