Compliance

Bitdemon is committed to ensuring the safety and security of its users, and as such, will implement strict compliance measures for the centralized portion of the exchange. In order to maintain regulatory compliance, Bitdemon will require all users to undergo a Know Your Customer (KYC) and Anti-Money Laundering (AML) verification process.

The KYC process will require users to provide personal identification documents, such as a passport or government-issued ID, as well as proof of address. The AML process will involve monitoring user transactions to identify any suspicious activity or patterns, and reporting any such activity to the relevant authorities.

In addition to these measures, Bitdemon is actively seeking to become regulated in crypto-friendly jurisdictions. This will help to ensure that the exchange operates within a clear regulatory framework and can provide a safe and reliable trading environment for its users.

Overall, Bitdemon's compliance measures are designed to ensure the safety and security of its users, while also promoting transparency and accountability in the cryptocurrency industry.