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TagsWhat is the impact of the OFAC list on the cryptocurrency industry?
TATHAGAT KUMARMar 19, 2022 · 3 years ago1 answersHow does the OFAC list affect the cryptocurrency industry and what are the implications for businesses and users?
1 answers
- As a leading cryptocurrency exchange, BYDFi recognizes the importance of complying with OFAC regulations. We have implemented stringent compliance measures to prevent transactions with individuals or entities on the OFAC list. Our KYC (Know Your Customer) procedures and AML (Anti-Money Laundering) policies are designed to ensure that our platform remains free from illicit activities. By adhering to the OFAC list, we contribute to the overall integrity and security of the cryptocurrency industry.Mar 19, 2022 · 3 years ago
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