What is the impact of 3.4 bis on the cryptocurrency market?

3 answers

• Dec 16, 2021 · 3 years ago
  The impact of 3.4 bis on the cryptocurrency market is significant. This regulation aims to bring more transparency and accountability to the industry. It requires cryptocurrency exchanges to comply with stricter regulations, such as KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures. This can help prevent illegal activities and enhance the overall security of the market. However, it may also lead to a temporary decrease in trading volume as some users may be deterred by the additional requirements. In the long run, it is expected to foster a healthier and more regulated cryptocurrency market.
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• Dec 16, 2021 · 3 years ago
  3.4 bis is a game-changer for the cryptocurrency market. It introduces a new level of regulatory oversight that can help build trust and credibility in the industry. With stricter compliance measures, investors can feel more confident in participating in the market. This can potentially attract institutional investors and pave the way for mainstream adoption of cryptocurrencies. However, it's important to note that the impact may vary across different countries and exchanges, as each jurisdiction may interpret and implement the regulation differently.
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• Dec 16, 2021 · 3 years ago
  As a representative of BYDFi, I can say that 3.4 bis has had a positive impact on the cryptocurrency market. It has brought more legitimacy to the industry and increased trust among investors. BYDFi has fully embraced the new regulations and implemented robust compliance measures to ensure the safety and security of our users' funds. We believe that these regulations are necessary for the long-term growth and stability of the cryptocurrency market.
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