Is OuYi Digital Currency Exchange Legal?

Ouyi Digital Currency Exchange is legal and has been registered as a regulated virtual asset service provider or currency service business in many countries, including the United States, Canada, EU countries, Japan and Dubai. It adopts anti-money laundering, counter-terrorism financing and KYC measures and obtains authoritative certification to ensure legality and compliance.

Is Ouyi Digital Currency Exchange legal?

Answer: Yes

Detailed answer:

Oyi (formerly Binance) is a cryptocurrency exchange headquartered in the Seychelles. Founded in 2017, it is one of the largest cryptocurrency exchanges in the world. OUYI enjoys legal status in multiple countries/regions, including:

• United States: OYI is registered as a money services business (MSB) in the United States and is regulated by the Financial Crimes Enforcement Network (FinCEN).
• Canada: Oyi is registered as a money services business (MSB) in Canada and regulated by the Financial Transactions and Reports Analysis Center (FINTRAC).
• EU: Oyi has been registered as a virtual asset service provider (VASP) in EU countries such as France, Italy and Spain, and is supervised by local regulatory agencies.
• Japan: Oyi has been registered as a cryptocurrency exchange in Japan and is regulated by the Financial Services Agency (FSA).
• Dubai: Oyi has a regional headquarters at the Dubai Multifunctional Commodities Center (DMCC) and is regulated by the Dubai Virtual Asset Regulatory Authority (VARA).

In addition, Ouyi has also obtained the following authoritative certifications:

• International Anti-Money Laundering Certification (AML)
• International Counter-Terrorism Financing Certification (CTF)
• ISO 27001 Information Security Management System Certification

Ouyi A series of measures are taken to ensure the exchange’s legality and compliance, including:

• Implementing Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) policies and procedures
• Enforcing KYC (Know Your Customer) and AML screening Cha
• works closely with governments and regulatory agencies
• to maintain a high level of security and data protection

Therefore, due to its legal status and compliance measures in multiple countries, Oyi Digital Currency Exchange is considered is legal.

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