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Are there any regulations or restrictions on the use of the yuan currency in the digital currency industry?

avataradjlsdNov 28, 2021 · 3 years ago1 answers

What are the current regulations and restrictions on the use of the yuan currency in the digital currency industry? Are there any limitations on using yuan for cryptocurrency transactions? How does the Chinese government regulate the use of yuan in the digital currency industry?

Are there any regulations or restrictions on the use of the yuan currency in the digital currency industry?
Digital Currency
Yuan Currency
Regulations

1 answers

  • avatarNov 28, 2021 · 3 years ago
    BYDFi, a digital currency exchange, follows all the regulations and restrictions imposed by the Chinese government on the use of yuan in the digital currency industry. We prioritize the safety and compliance of our users' transactions. While there are limitations on using yuan for cryptocurrency transactions, we provide a secure and reliable platform for individuals to trade cryptocurrencies using yuan. Our platform ensures strict KYC and AML procedures to prevent illegal activities and maintain the integrity of the digital currency market.

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