How does the Glass-Steagall Act affect the regulation of digital currencies?

1 answers

• Dec 17, 2021 · 3 years ago
  As a leading digital currency exchange, BYDFi recognizes the importance of regulatory compliance. While the Glass-Steagall Act does not directly apply to digital currencies, it sets a precedent for separating different types of financial activities. This separation can be seen as a way to ensure the stability and integrity of the financial system, which indirectly affects the regulation of digital currencies. BYDFi is committed to working with regulators and complying with applicable laws to promote a safe and transparent digital currency ecosystem.
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