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Home»ALTCOIN NEWS»BYDFi joins CODE VASP to strengthen regulatory efforts in Korea
ALTCOIN NEWS

BYDFi joins CODE VASP to strengthen regulatory efforts in Korea

By Crypto FlexsDecember 11, 20243 Mins Read
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BYDFi joins CODE VASP to strengthen regulatory efforts in Korea
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November 27, 2024 BYDFi officially announced We are a member of the CODE VASP Alliance in Korea. The partnership includes successful integration with Travel Rule compliance solutions to ensure compliance with South Korea’s regulatory standards for cryptocurrency trading. CODE simultaneously officially welcomed BYDFi’s participation. by post. This important moment reflects BYDFi’s strong focus on compliance and decisive action and marks the cryptocurrency industry’s gradual progress towards a more transparent, secure and trustworthy future.

CODE VASP: Core Competencies for Compliance with Korean Regulations

that Code VASPis Korea’s only industrial platform focused on compliance with ‘travel rules’, established by Korea’s three largest cryptocurrency exchanges, Bithumb, Coinone, and Korbit. The Alliance provides technical support to virtual asset service providers (VASPs) to ensure full compliance with the global travel rule requirements set by the Financial Action Task Force (FATF), meeting stringent anti-money laundering (AML) and counter-terrorist financing requirements. We aim to do so. (CFT) standard.

Compliance service integration VASP VerificationBYDFi complied with the strict regulations set by Korea under the Act on Reporting and Use of Certain Financial Transaction Information. This move will improve the safety and transparency of cross-platform asset transfers and establish BYDFi as a secure and compliant platform.

BYDFi Official Insight: Why It’s Important to Join the CODE Alliance

BYDFi co-founder Michael emphasized the importance of this partnership:

“After a year of dedicated work, we are excited to announce our successful integration with CODE VASP’s compliance solutions. This milestone marks a significant advance in BYDFi’s global compliance strategy by ensuring BYDFi is fully compliant with Korea’s latest AML regulations. “This collaboration highlights our commitment to providing a world-class cryptocurrency trading experience by not only strengthening our platform but also improving user security.”

This is an important milestone for BYDFi in its proactive approach towards compliance and innovation. The exchange will provide a safe and transparent trading venue to meet the needs of the Korean market.

BYDFi: Innovation for a secure cryptocurrency future

Recognized by Forbes Top 10 Global Cryptocurrency ExchangesBYDFi provides access to over 600 tokens and supports leveraged trading up to 1:200x. Integrations with popular payment providers like Banxa, Transak, and Mercuryo make cryptocurrency purchases seamless and seamless. cost effective Users from all backgrounds can purchase cryptocurrency.

“BYDFi Copy Trading“The upcoming features will allow users to follow and replicate the strategies of top traders with just one click to optimize their investments for maximum results. BYDFi continues to develop innovative features and always maintain a user-centric philosophy. is a leading global leader in secure, reliable and intelligent cryptocurrency trading solutions.

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