How can digital currency exchanges comply with NYSE Rule 7.2?

3 answers

• Jan 13, 2022 · 3 years ago
  Digital currency exchanges can comply with NYSE Rule 7.2 by implementing robust KYC (Know Your Customer) procedures. This includes verifying the identity of their customers and conducting thorough due diligence to ensure compliance with anti-money laundering (AML) regulations. By implementing these measures, exchanges can help prevent fraudulent activities and protect the integrity of the market.
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• Jan 13, 2022 · 3 years ago
  To comply with NYSE Rule 7.2, digital currency exchanges should also establish strong security measures to protect customer funds. This includes implementing multi-factor authentication, cold storage for cryptocurrencies, and regular security audits. By prioritizing security, exchanges can build trust with their users and mitigate the risk of hacks or thefts.
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• Jan 13, 2022 · 3 years ago
  At BYDFi, we believe that compliance with NYSE Rule 7.2 is crucial for digital currency exchanges. As a third-party exchange, we have implemented strict KYC and AML procedures to ensure compliance with regulations. Additionally, we have invested heavily in security measures to protect our users' funds. By prioritizing compliance and security, we aim to provide a safe and reliable trading environment for our users.
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