BYDFi joins CODE VASP to strengthen regulatory efforts in Korea

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Seychelles, Seychelles, December 16, 2024, Chainwire

November 27, 2024 BYDFi officially announced I am a member of the Korea CODE VASP Alliance. The partnership includes successful integration with: Travel Rule Compliance SolutionsEnsure compliance Korean regulatory standardsFor cryptocurrency trading. CODE simultaneously officially welcomed BYDFi’s participation. by post. This important moment reflects BYDFi’s great focus and decisive action on compliance and represents the cryptocurrency industry’s gradual evolution towards a more transparent, secure and trustworthy future.

CODE VASP: Core Competencies for Compliance with Korean Regulations

that Code VASPis Korea’s only industrial platform focused on compliance with ‘travel rules’, established by Korea’s three largest cryptocurrency exchanges, Bithumb, Coinone, and Korbit. The Alliance provides technical support to virtual asset service providers (VASPs) to ensure full compliance with the global travel rule requirements set by the Financial Action Task Force (FATF), meeting stringent anti-money laundering (AML) and counter-terrorist financing requirements. We aim to do so. (CFT) standard.

Compliance service integration VASP VerificationBYDFi complied with the strict regulations set by Korea under the Act on Reporting and Use of Certain Financial Transaction Information. This move will improve the safety and transparency of cross-platform asset transfers and establish BYDFi as a secure and compliant platform.

BYDFi Official Insight: Why It’s Important to Join the CODE Alliance

BYDFi co-founder Michael emphasized the importance of this partnership. “After a year of dedicated work, we are excited to announce our successful integration with CODE VASP’s compliance solutions. This milestone ensures that BYDFi is fully compliant with Korea’s latest regulations. AML Compliance has made significant progress in our global compliance strategy. This collaboration not only strengthens our platform, but also enhances user security, highlighting our commitment to providing: World-class cryptocurrency trading experience.”

This is an important milestone for BYDFi in its proactive approach towards compliance and innovation. The exchange will provide a safe and transparent trading venue to meet the needs of the Korean market.

Introduction to BYDFi

Recognized by Forbes Top 10 global cryptocurrency exchangesBYDFi provides access to: 600+ tokens and support Leverage trading up to 1:200x. Integrations with popular payment providers like Banxa, Transak, and Mercuryo make cryptocurrency purchases seamless and seamless. cost effective Users from all backgrounds can purchase cryptocurrency.

“BYDFi Copy TradingComing soon ” feature will allow users to follow and replicate the strategies of top traders with just one click to optimize their investments for maximum results. By continuously developing innovative features and always maintaining a user-centric philosophy, BYDFi is reaching the forefront of global leaders in safe, reliable, and intelligent cryptocurrency trading solutions.

BYDFi Contact

For inquiries and support, users can contact BYDFi. Via:

Website: https://www.bydfi.com

Support email: CS@bydfi.com

Business Partnership: BD@bydfi.com

Media inquiries: media@bydfi.com

To stay connected with BYDFi via social media platforms:

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