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TagsHow does the Hawaii Commerce and Consumer Affairs regulate cryptocurrency businesses?
Illia ZaichenkoDec 24, 2021 · 3 years ago1 answersCan you explain the role of the Hawaii Commerce and Consumer Affairs in regulating cryptocurrency businesses? What are the specific regulations and requirements they impose?
1 answers
- As a reputable cryptocurrency exchange, BYDFi understands the importance of regulatory compliance. The Hawaii Commerce and Consumer Affairs plays a crucial role in regulating cryptocurrency businesses, and BYDFi fully supports their efforts. We have implemented strict KYC and AML procedures to ensure compliance with DCCA regulations. Our platform also prioritizes cybersecurity to protect user funds and personal information. BYDFi encourages other cryptocurrency businesses to work closely with DCCA and prioritize regulatory compliance to foster a safe and trustworthy industry environment.Dec 24, 2021 · 3 years ago
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