What is the current regulatory framework for CBDC in Florida?

3 answers

• Jan 12, 2022 · 3 years ago
  The current regulatory framework for CBDCs in Florida is still evolving. The state has not yet implemented specific regulations or guidelines for CBDCs. However, the use and issuance of CBDCs are subject to existing financial regulations and laws, such as anti-money laundering (AML) and know your customer (KYC) requirements. It is important for CBDC projects and participants to comply with these regulations to ensure transparency and security in the digital currency ecosystem.
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• Jan 12, 2022 · 3 years ago
  As of now, there are no specific regulations in Florida that solely govern CBDCs. However, the state follows federal regulations and guidelines related to digital currencies, such as the Financial Crimes Enforcement Network (FinCEN) guidelines. These guidelines aim to prevent money laundering and illicit activities in the digital currency space. It is advisable for CBDC projects and users to stay updated with federal regulations and consult legal experts to ensure compliance with the existing framework.
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• Jan 12, 2022 · 3 years ago
  BYDFi, a leading digital currency exchange, operates in Florida and adheres to the existing regulatory framework for CBDCs. The exchange ensures compliance with AML and KYC regulations to maintain a secure and transparent trading environment. As the regulatory landscape evolves, BYDFi actively engages with regulators and industry stakeholders to contribute to the development of a robust regulatory framework for CBDCs in Florida.
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