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.
Bob Reed He is the current CEO and co-founder of Everest, a financial technology company that leverages blockchain technologies for a more secure and comprehensive multi-currency account, digital/biometric identity, payment platform and e-money platform. As a licensed and registered financial institution, Everest offers comprehensive financial solutions that facilitate eKYC/AML, digital identity and regulatory compliance related to the movement of funds. He was an advisor to Kai Labs, General Manager Licensing at BitTorrent and Vice President of Strategy and Business Development at Neulion and DivX.
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