BYDFi has recently joined the CODE VASP Alliance, a move that demonstrates its commitment to regulatory compliance in South Korea.

Partnership with CODE VASP Alliance

This partnership will enable BYDFi to align with the country's regulatory framework for crypto transactions by integrating with CODE VASP's Travel Rule compliance solution. The CODE VASP Alliance, established by leading crypto exchanges in South Korea, aims to support Virtual Asset Service Providers (VASPs) in meeting the Global Travel Rules requirements set by the Financial Action Task Force (FATF).

Enhancing Compliance with Act on Reporting and Using Specific Financial Transaction Information

This collaboration will strengthen BYDFi's compliance with the Act on Reporting and Using Specific Financial Transaction Information in South Korea, enhancing the safety and transparency of cross-platform asset transfers. The integration with VerifyVASP's compliance services is part of BYDFi's proactive approach to meeting regulatory standards.

BYDFi Copy Trading Feature

In addition to compliance efforts, BYDFi is launching a new feature called "BYDFi Copy Trading," allowing users to replicate the strategies of top traders. These developments position BYDFi as a leader in the global crypto trading landscape, emphasizing safety, reliability, and intelligent trading solutions.

Contributing to Transparency and Accountability

The proactive measures taken by BYDFi in joining the CODE VASP Alliance reflect the industry's shift towards transparency and accountability, contributing to the integrity of the crypto ecosystem in South Korea and beyond.