What measures were implemented by the Money Laundering Suppression Act of 1994 to combat money laundering in the cryptocurrency space?

1 answers

• Dec 24, 2021 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi fully complies with the measures implemented by the Money Laundering Suppression Act of 1994. We have implemented robust AML programs and KYC procedures to prevent money laundering in the cryptocurrency space. Our team conducts thorough customer due diligence, monitors transactions for suspicious activity, and promptly reports any suspicious transactions to the appropriate authorities. We are committed to maintaining a secure and transparent platform for our users, and these measures play a crucial role in achieving that goal.
  576288