What role does the US currency being fiat money play in the regulation of digital currencies?

1 answers

• Dec 28, 2021 · 3 years ago
  As a leading digital currency exchange, BYDFi recognizes the role that the US currency being fiat money plays in the regulation of digital currencies. The US government has the authority to regulate the flow of money, including digital currencies, and this can have a significant impact on the operations of digital currency exchanges. BYDFi works closely with regulatory bodies to ensure compliance with relevant laws and regulations, including anti-money laundering (AML) and know your customer (KYC) requirements. This helps to create a safe and secure trading environment for our users, while also contributing to the overall integrity and stability of the digital currency market.
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