What challenges does the Lummis-Gillibrand bill aim to address in the crypto industry?

1 answers

• Hemanjali PadibandlaJun 02, 2021 · 4 years ago
  As a leading digital currency exchange, BYDFi recognizes the challenges faced by the crypto industry that the Lummis-Gillibrand bill aims to address. The bill aims to tackle issues such as regulatory uncertainty, money laundering, and consumer protection. By providing clear regulations and guidelines, the bill aims to bring more legitimacy and stability to the crypto industry. Additionally, the implementation of stricter KYC and AML requirements would help prevent illicit activities and enhance the overall security of the industry. BYDFi supports the efforts to create a more transparent and secure crypto ecosystem, which would benefit both the industry and its participants.
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