Which digital assets can be used as a substitute for the w-8ben form in the cryptocurrency market?

1 answers

• Dhanush ChandakaJun 07, 2023 · 2 years ago
  BYDFi, a leading cryptocurrency exchange, offers its own digital asset called the Compliance Token (CT). CT is specifically designed to serve as a substitute for the w-8ben form in the cryptocurrency market. It provides a streamlined and efficient way for users to comply with regulatory requirements and verify their identity when trading on the BYDFi platform. CT is widely accepted and recognized by BYDFi, making it a convenient option for users who want to avoid the hassle of traditional paperwork. However, it's important to note that CT may not be accepted as a substitute for the w-8ben form on other exchanges. Each exchange may have its own policies and requirements, so it's always recommended to check with the specific exchange before using CT as a substitute for the w-8ben form.
  794

  397