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The international, cross-border payments industry has been ripe for disruption and we see PayID playing a pivotal role in achieving that,” Gaurav Dahake, CEO of BitBNS, said in the release. “We We are excited to facilitate borderless, frictionless instant transactions for free for users.”.
The United States continues to rely on the Bank Secrecy Act (BSA) as the primary legal framework governing AML regulations, with the Financial Crimes Enforcement Network (FinCEN) providing guidance on how these regulations apply to cryptocurrency businesses. The United Arab Emirates has amended Federal Decree-Law No. (20) billion in 2024.
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