On November 27, 2024, BYDFi announced its official membership in South Korea’s CODE VASP Alliance. The BYDFi crypto compliance partnership includes successful integration with the Travel Rule compliance solution. This ensures adherence to South Korea’s regulatory standards for crypto transactions. CODE formally welcomed BYDFi’s participation in a post.

This moment highlights BYDFi’s strong focus on compliance and decisive action. It also marks the crypto industry’s 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 Korbit, is Korea’s only industry platform focused on “Travel Rules” compliance.

Integrating the compliance services of VerifyVASP, BYDFi moved in step with strict regulations set by South Korea under the Act on Reporting and Using Specific Financial Transaction Information, ensuring compliance with the country’s financial services standards.

The move will improve safety and transparency for cross-platform asset transfers and establish BYDFi as a secure and compliant platform, reinforcing the importance of the BYDFi crypto compliance partnership in ensuring adherence to regulatory standards and enhancing user trust.

BYDFi Official Insights: Why Joining the CODE Alliance Matters

Michael, Co-founder of BYDFi, emphasized the importance of this partnership:

“After a year of dedicated effort, we are thrilled to announce our successful integration with CODE VASP’s compliance solution. This milestone ensures that BYDFi fully complies with South Korea’s latest AML regulations, marking significant progress in our global compliance strategy. This collaboration not only strengthens our platform but also enhances user security, underscoring 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, through its BYDFi crypto compliance partnership, is going to provide a secure and transparent home for trading with a view to cater to the demands of the South Korean market.

BYDFi: Innovating for a Secure Crypto Future

Forbes-recognized among the top 10 global crypto exchanges, BYDFi offers access to over 600 tokens and supports leverage trading up to 1:200x. The integration with popular payment providers like Banxa, Transak, and Mercuryo facilitates buying cryptocurrencies, making it seamless and cost-effective for users of all backgrounds to purchase cryptocurrencies.

The “BYDFi Copy 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.

Contact BYDFi

For inquiries and support, you can reach us via the following:

• Website: https://www.bydfi.com
• Support Email: CS@bydfi.com
• Business Partnerships: BD@bydfi.com
• Media Inquiries: media@bydfi.com

Stay connected with BYDFi through our social media platforms:

• Twitter: https://twitter.com/BYDFi
• LinkedIn: https://www.linkedin.com/company/BYDFi
• Facebook: https://www.facebook.com/BYDFiOfficial
• Telegram: https://t.me/BYDFiEnglish
• YouTube: https://www.youtube.com/@BYDFiOfficial

Reach out for assistance, collaboration, or the latest updates!