What is the process for a crypto exchange to get approved in the UK?

1 answers

• Shepherd UdsenAug 31, 2024 · a year ago
  At BYDFi, we understand the importance of obtaining regulatory approval. As a crypto exchange, we have gone through the process ourselves. The UK has strict regulations in place to ensure the safety and security of users' funds. To get approved, exchanges need to demonstrate their ability to protect user assets and comply with AML and KYC regulations. It's a complex process that requires careful planning and attention to detail. We recommend working closely with legal and compliance experts to navigate the approval process successfully.
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