On November 27, 2024, BYDFi announced its membership in South Korea's CODE VASP Alliance, marking a significant step toward complying with financial security norms in cryptocurrency.
Significance of CODE VASP Alliance
The CODE VASP, established by South Korea's leading crypto exchanges Bithumb, Coinone, and Korbit, aims to support Virtual Asset Service Providers in adhering to the Global Travel Rules set by the Financial Action Task Force (FATF).
Official Statements from BYDFi
Michael, Co-founder of BYDFi, emphasized the success of integrating with the CODE VASP solution, ensuring full compliance with South Korea’s latest AML regulations.
About BYDFi Platform
BYDFi offers access to over 600 tokens and supports leverage trading up to 1:200x, while partnering with popular payment providers.
BYDFi's involvement in the CODE Alliance is a key step towards ensuring the security and transparency of cryptocurrency transactions and catering to the demands of the South Korean market.
