Are there any specific regulations or restrictions for converting Hong Kong Dollar to US Dollar using cryptocurrencies?

1 answers

• Jan 15, 2022 · 3 years ago
  As a third-party cryptocurrency exchange, BYDFi follows the regulations and restrictions set by the authorities in Hong Kong. When converting Hong Kong Dollar to US Dollar using cryptocurrencies on BYDFi, users are required to complete the necessary KYC procedures and provide identification documents. This is to ensure compliance with anti-money laundering (AML) regulations and to prevent any illicit activities. BYDFi takes the security and integrity of its platform seriously, and adheres to the highest standards of regulatory compliance. Users can have peace of mind knowing that their conversions are conducted in a safe and compliant manner on BYDFi.
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