The Good Tech Companies - BYDFi Joins CODE VASP, Advancing Regulatory Efforts In Korea

Episode Date: December 16, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/bydfi-joins-code-vasp-advancing-regulatory-efforts-in-korea. This important moment reflects BYDFi's great attention to compliance and determined action and marks the crypto industry's gradual progress toward a more transp Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #bydfi, #chainwire, #crypto-trading, #crypto-exchange, #blockchain-development, #vasp, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. BYDFi announced its official membership in South Korea’s CODE VASP Alliance. The partnership includes successful integration with the Travel Rule compliance solution.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. BYDFI joins Code VASP, advancing regulatory efforts in Korea, by Chainwire, Seychelles, Seychelles, December 16, 2024, Chainwire, on November 27, 2024. BYDFI announced its official membership in South Korea's Code VASP alliance. The partnership includes successful integration with the Travel Rule Compliance solution, ensuring adherence to South Korea's regulatory standards for crypto transactions. Code formally welcomed ByteFi's participation at the same time as a post. This important moment reflects ByteFi's great attention to compliance and determined action

and marks the crypto industry's gradual progress toward a more transparent, secure, and trustworthy future. Code VASP. A core force for compliance in Korea, the Code VASP, founded by Korea's top three crypto exchanges, Bithumb, Coinone, and Corbett, is Korea's only industry platform focused on travel rules, compliance, the alliance aims to provide technical support to virtual asset service providers, VASPs, to fully comply with the global travel rules requirements set by the Financial Action Task Force, FATF, thereby meeting stringent anti-money laundering, AML, and counter-terrorist financing, CFT, standards. Integrating the compliance services of Verify VASP, BYDFI moved in step with strict regulations set by South Korea under the Act on Reporting and

Using Specific Financial Transaction Information. The move will improve safety and transparency for cross-platform asset transfers and establish BYDFI as a secure and compliant platform. BYDFI Official Insights Why joining the Code Alliance matters greater than Michael, co-founder of BYDFI, emphasized the importance of this partnership. Greater than, after a year of dedicated effort, we are thrilled to announce our successful greater-than integration with Code VASP's compliance solution. This milestone ensures that greater than BYDFI fully complies with South Korea's latest AML regulations, marking greater than significant progress in our global compliance strategy. This collaboration not greater than only strengthens our platform but also enhances user security, underscoring greater than our

commitment to delivering a world-class crypto trading experience. This is an important milestone for BYDFI in its proactive approach toward compliance and innovation. The exchange is going to provide a secure and transparent home for trading with a view to cater to the demands of the South Korean market. About ByteFi Forbes recognized among the top 10 global crypto exchanges, BYDFI offers access to over 600 tokens and supports leverage trading up to 1 to 200 x the integration with popular payment providers like banksa transac and mercurio facilitates buying cryptocurrencies making it seamless and cost effective for users of all backgrounds to purchase cryptocurrencies the bydfi trading function, soon to be launched, enables users to follow and reproduce the strategy of a top trader with just one click in order to optimize investments for

maximum results. Continuing to develop innovative functions and always upholding the user-oriented philosophy, BYDFI is reaching the front line among the global leaders of safe, reliable, and intelligent crypto trading solutions. BYDFI Contacts for Inquiries and Support. Users can reach BYDFI via the following. Website. https colon slash slash www dot bydfi dot com support email. CS at bydfi dot com business partnerships. BD at by dfi.com media inquiries media at by dfi.com to stay connected with by dfi through social media platforms twitter x linkedin facebook telegram youtube contact senior media director chloe by fi fintech ltd chloe at by dfi.com tip this story

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