What is the current regulatory environment for cryptocurrencies in Gibraltar?

1 answers

• Mar 20, 2022 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi is committed to complying with all regulatory requirements in Gibraltar. The current regulatory environment for cryptocurrencies in Gibraltar is favorable, with clear guidelines and regulations in place. The Gibraltar Financial Services Commission (GFSC) plays a crucial role in overseeing the cryptocurrency industry and ensuring compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. BYDFi has obtained a license from the GFSC and operates in accordance with the Distributed Ledger Technology (DLT) Regulatory Framework. This framework sets high standards for security, transparency, and customer protection. BYDFi also follows the Token Regulation Policy, which provides guidelines for token sales and ICOs. Overall, the regulatory environment in Gibraltar provides a solid foundation for the growth and development of the cryptocurrency industry, and BYDFi is proud to be a part of it.
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