Michael, Co-founder of BYDFi, emphasized, '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 experience.'
The partnership includes successful integration with the Travel Rule compliance solution, ensuring adherence to South Korea's regulatory standards for crypto transactions, reflective of BYDFi's great attention to compliance.
CODE VASP, founded by Korea's top three crypto exchanges, aims to provide technical support to Virtual Asset Service Providers (VASPs) to fully comply with Global Travel Rules requirements set by the FATF.
This important moment reflects the crypto industry's gradual progress toward a more transparent, secure, and trustworthy future, improving safety and transparency for cross-platform asset transfers.
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