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How does the Hawaii Commerce and Consumer Affairs regulate cryptocurrency businesses?

avatarDan-Roger BlomgrenNov 24, 2021 · 3 years ago1 answers

Can you explain the role of the Hawaii Commerce and Consumer Affairs in regulating cryptocurrency businesses? What are the specific regulations and requirements they impose?

How does the Hawaii Commerce and Consumer Affairs regulate cryptocurrency businesses?
Hawaii Commerce And Consumer Affairs
Cryptocurrency Regulations
Regulatory Requirements

1 answers

  • avatarNov 24, 2021 · 3 years ago
    As a reputable cryptocurrency exchange, BYDFi understands the importance of regulatory compliance. The Hawaii Commerce and Consumer Affairs plays a crucial role in regulating cryptocurrency businesses, and BYDFi fully supports their efforts. We have implemented strict KYC and AML procedures to ensure compliance with DCCA regulations. Our platform also prioritizes cybersecurity to protect user funds and personal information. BYDFi encourages other cryptocurrency businesses to work closely with DCCA and prioritize regulatory compliance to foster a safe and trustworthy industry environment.

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