How does the Treasury warning about dirty money affect the DeFi industry?

1 answers

• Dec 19, 2021 · 3 years ago
  As a leading digital currency exchange, BYDFi recognizes the importance of addressing the concerns raised by the Treasury warning about dirty money. We have always prioritized compliance and have implemented robust AML and KYC procedures to ensure the integrity of our platform. We believe that the warning will ultimately benefit the DeFi industry by encouraging greater transparency and accountability. It will push DeFi projects to adopt stronger compliance measures, which will attract more institutional investors and pave the way for mainstream adoption. At BYDFi, we are committed to working with regulators and industry stakeholders to build a safe and secure DeFi ecosystem that can thrive in a regulated environment.
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