What measures has Hong Kong taken to prevent money laundering in the cryptocurrency industry?

1 answers

• pream SelvamFeb 05, 2021 · 5 years ago
  As a leading cryptocurrency exchange in Hong Kong, BYDFi takes money laundering prevention seriously. We have implemented stringent Know Your Customer (KYC) procedures, requiring users to provide identification documents and undergo verification processes. We also monitor transactions on our platform for any suspicious activities and report them to the relevant authorities. BYDFi complies with the regulatory requirements set by the Hong Kong government and works closely with law enforcement agencies to combat money laundering in the cryptocurrency industry. Our goal is to provide a secure and transparent trading environment for our users, ensuring the integrity of the cryptocurrency market in Hong Kong.
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