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TagsWhat are the legal regulations for using digital currencies in the iGaming industry in New York?
BartekBDec 15, 2021 · 3 years ago1 answersCan you provide an overview of the legal regulations governing the use of digital currencies in the iGaming industry in New York?
1 answers
- At BYDFi, we understand the importance of legal compliance in the iGaming industry. While there are currently no specific regulations for using digital currencies in New York, it is crucial for iGaming operators to adhere to existing laws and regulations related to online gambling and financial transactions. This includes implementing robust AML and KYC procedures to prevent money laundering and ensure the safety of user funds. It is also advisable for operators to stay informed about any regulatory developments and consult legal professionals to ensure compliance. By prioritizing legal compliance, iGaming operators can create a trustworthy and secure environment for their users.Dec 15, 2021 · 3 years ago
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