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BYDFi has announced its membership in the South Korean-based CODE VASP Alliance, demonstrating a commitment to regulatory compliance and transparency. The partnership with VerifyVASP ensures that all transactions made on the BYDFi platform adhere to strict anti-money laundering (AML) and counter-terrorism financing (CFT) standards.
BYDFi’s integration with the CODE VASP alliance signifies a significant milestone in the company’s global compliance strategy, further solidifying its position as a secure and trustworthy crypto trading destination. The exchange has made it clear that it prioritizes transparency and user security.
According to Michael, Co-founder of BYDFi, “After a year of dedicated effort, we are thrilled to announce our successful integration with CODE VASP’s compliance solution.” He emphasized the importance of this partnership, stating that it marks significant progress in the company’s global compliance strategy. The collaboration not only strengthens BYDFi’s platform but also enhances user security, underscoring its commitment to delivering a world-class crypto trading experience.
The move is seen as a crucial step towards providing a secure and transparent environment for cross-platform asset transfers. BYDFi aims to cater to the demands of the South Korean market while continuing to provide innovative and high-quality services to users worldwide.
As a member of CODE VASP, BYDFi will leverage the alliance’s expertise in Travel Rule compliance solutions, ensuring seamless transactions within the global digital currency ecosystem.
Source: cryptopotato.com
