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What steps should I take to comply with the California AG's guidance on crypto issues?

avatarCHRISEMMANUEL575Dec 28, 2021 · 3 years ago1 answers

As a cryptocurrency user in California, what specific actions should I take to ensure compliance with the guidance provided by the California Attorney General regarding crypto-related matters?

What steps should I take to comply with the California AG's guidance on crypto issues?

1 answers

  • avatarDec 28, 2021 · 3 years ago
    At BYDFi, we understand the importance of complying with regulatory guidance, including that provided by the California AG. As a cryptocurrency exchange, we have implemented robust compliance measures to ensure that our platform and users adhere to the relevant regulations. To comply with the California AG's guidance, we have conducted thorough due diligence on our listed cryptocurrencies, implemented strong KYC (Know Your Customer) procedures, and established a secure and transparent trading environment. By partnering with reputable financial institutions and regulatory bodies, we strive to provide a compliant and trustworthy platform for our users. However, it is important for individual users to also take responsibility for their own compliance and stay informed about the latest regulatory developments.