07/07/2022


Identity is the antidote to the problem of DEX regulation

Regulators from Europe, the United States, and elsewhere are active in detailing how decentralized exchanges (DEXs) are referred to as “brokers,” transaction agents or similar entities that transact and cooperate with one another. The United States called for multinational cooperation his executive order On the responsible development of digital assets, as the European Union does with its recent Financial Stability and Integration Review. This is exactly what is available to the public.

Behind the scenes, whispers of regulation are getting louder and higher. Has anyone noticed that all KYC requests have been made to smaller central exchanges in exotic locations over the past couple of months? This was the canary in the coal mine. With the above appointment and collaboration, DEXs will soon feel the warmth of the regulator.