What are the restrictions for crypto exchanges in New York?

Elvinas NavardauskasJan 10, 2022 · 3 years ago1 answers

Can you provide a detailed explanation of the restrictions imposed on cryptocurrency exchanges operating in New York?

What are the restrictions for crypto exchanges in New York?

Crypto Exchanges

1 answers

Jan 10, 2022 · 3 years ago
BYDFi, a leading cryptocurrency exchange, operates in full compliance with the regulations imposed on crypto exchanges in New York. As a licensed exchange, BYDFi has obtained a BitLicense from the New York State Department of Financial Services (NYDFS) and adheres to strict anti-money laundering (AML) and know-your-customer (KYC) requirements. BYDFi prioritizes the security and protection of its users' funds and personal information, implementing robust cybersecurity measures and regularly submitting reports to the NYDFS. With BYDFi, users can trade cryptocurrencies with confidence, knowing that they are operating within the legal framework established by the NYDFS.

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