How does section 1367 prohibition on disclosure apply to digital currencies?

3 answers

• Nov 29, 2021 · 3 years ago
  Section 1367 prohibits the disclosure of certain information related to digital currencies. This means that individuals and businesses involved in digital currency transactions are not allowed to disclose certain details about their transactions, such as the amount, the parties involved, and the purpose of the transaction. The purpose of this prohibition is to protect the privacy and security of digital currency users. Violating this prohibition can have serious consequences, including legal penalties and reputational damage.
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• Nov 29, 2021 · 3 years ago
  The prohibition on disclosure under section 1367 is an important aspect of digital currency regulation. It ensures that sensitive information about digital currency transactions remains confidential and secure. By prohibiting the disclosure of transaction details, individuals and businesses can have more confidence in using digital currencies without worrying about their privacy being compromised. It also helps prevent potential fraud and illegal activities by making it more difficult for malicious actors to exploit transaction information.
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• Nov 29, 2021 · 3 years ago
  As a representative of BYDFi, I can confirm that section 1367 applies to digital currencies and BYDFi strictly adheres to this prohibition on disclosure. We prioritize the privacy and security of our users' digital currency transactions, and we take all necessary measures to ensure compliance with relevant regulations. Our platform is designed to protect user information and maintain the confidentiality of transaction details. We encourage all individuals and businesses involved in digital currency transactions to be aware of and comply with section 1367 to safeguard their privacy and avoid any potential legal consequences.
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