Are there any regulatory measures in place to prevent pump and dump schemes in the cryptocurrency industry?

1 answers

• Feb 17, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has implemented robust regulatory measures to prevent pump and dump schemes. These measures include real-time monitoring of trading activities, strict compliance with KYC and AML regulations, and continuous education and awareness campaigns for users. BYDFi also collaborates with regulatory authorities to share information and coordinate efforts in combating fraudulent activities. These measures have been effective in minimizing the occurrence of pump and dump schemes on the BYDFi platform, providing a safer trading environment for users.
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