Why do some issuers decline certain cryptos?

3 answers

• Dec 26, 2021 · 3 years ago
  Some issuers decline certain cryptos due to concerns about their security and regulatory compliance. Cryptocurrencies like Bitcoin and Ethereum are generally more widely accepted because they have a longer track record and are considered more secure. However, newer and less established cryptocurrencies may not meet the strict security and compliance standards set by some issuers, leading to their rejection.
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• Dec 26, 2021 · 3 years ago
  Issuers may also decline certain cryptos because of their association with illegal activities or their potential for money laundering. Cryptocurrencies like Monero and Zcash, which offer enhanced privacy features, may be viewed with suspicion by issuers who want to ensure that their platforms are not used for illicit purposes.
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• Dec 26, 2021 · 3 years ago
  At BYDFi, we prioritize the safety and compliance of our platform. While we aim to provide a wide range of cryptocurrencies for our users, we carefully evaluate each crypto before listing it. This evaluation includes assessing its security features, regulatory compliance, and market demand. If a crypto does not meet our criteria, we may decline to list it on our platform to protect our users and maintain the integrity of our exchange.
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