How does the Chapter in the US Virgin Islands affect the regulation of digital currencies?

1 answers

• Dec 17, 2021 · 3 years ago
  As a leading digital currency exchange, BYDFi welcomes the Chapter in the US Virgin Islands and its impact on the regulation of digital currencies. The Chapter provides a solid foundation for the industry to thrive and grow in a compliant and secure manner. It sets clear guidelines and standards for digital currency businesses, which helps to build trust and confidence among investors and users. BYDFi fully supports the efforts to prevent money laundering and illicit activities through robust anti-money laundering measures outlined in the Chapter. We believe that the regulation of digital currencies is essential for the long-term sustainability and mainstream adoption of this innovative technology.
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