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Seychelles, Seychelles, December 16, 2024, Chainwire
November 27, 2024, BYDFi announced his official joining South Korea’s CODE VASP alliance. The partnership includes successful integration with the Travel Compliance Solutionguaranteeing respect South Korea regulatory standards for crypto transactions. CODE formally welcomed the participation of BYDFi at the same time as a message. This important moment reflects BYDFi’s strong focus on compliance and decisive action and marks the crypto industry’s gradual progression towards a more transparent, secure and trusted future.
VASP CODE: a key force for compliance in Korea
THE VASP CODEfounded by Korea’s top three crypto exchanges, Bithumb, Coinone, and Korbit, is Korea’s only industry platform focused on “travel rules” compliance. The Alliance aims to provide technical support to Virtual Asset Service Providers (VASPs) to fully comply with the requirements of the global travel rules set by the Financial Action Task Force (FATF), thereby meeting the strict anti-money laundering (AML) and anti-terrorism financing standards. (CFT).
Integration of compliance services CheckVASPBYDFi has complied with strict regulations established by South Korea under the Law on Reporting and Use of Specific Information on Financial Transactions. This move will improve the security and transparency of cross-platform asset transfers and make BYDFi a secure and compliant platform.
BYDFi Official Insights: Why joining the CODE Alliance matters
Michael, co-founder of BYDFi, highlighted the importance of this partnership: “After a year of dedicated efforts, we are excited to announce our successful integration with CODE VASP’s compliance solution. This step ensures that BYDFi is fully compliant with the latest South Korean standards LBC regulations, marking a significant step forward in our global compliance strategy. This collaboration not only strengthens our platform, but also improves user security, underscoring our commitment to providing a world-class crypto trading experience.”
This is an important step for BYDFi in its proactive approach to compliance and innovation. The exchange will provide a safe and transparent trading space to meet the demands of the South Korean market.
About BYDFi
Forbes-recognized among top 10 global crypto exchangesBYDFi provides access to more than 600 tokens and supports trading with leverage up to 1:200x. Integration with popular payment providers such as Banxa, Transak and Mercuryo makes purchasing cryptocurrencies easy, making it seamless and seamless. profitable for users from all walks of life to buy cryptocurrencies.
THE “BYDFi copy trading“, which will be launched soon, allows users to follow and reproduce the strategy of a top trader with a single click in order to optimize investments for maximum results. By continuing to develop innovative functions and always respecting the user-oriented philosophy, BYDFi reaches the front line among the world leaders in safe, reliable and intelligent crypto trading solutions.
BYDFi Contacts
For inquiries and support, users can contact BYDFi via the following elements:
Website: https://www.bydfi.com
Support Email: (email protected)
Commercial partnerships: (email protected)
Media inquiries: (email protected)
To stay connected with BYDFi via social media platforms:
Twitter(X)| LinkedIn| Facebook | Telegram| YouTube
Contact
Senior Media Director
Chloe
BYDFi Fintech LTD
(email protected)
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