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23 April 2021

Revised FATF Crypto Guidelines Could Spell The End of DEXes and DeFi

Revised FATF Crypto Guidelines Could Spell The End of DEXes and DeFi


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Revised FATF Crypto Guidelines Could Spell The End of DEXes and DeFi.

Dave Jevans, the CEO of crypto analytics firm CipherTrace, warned that regulators are looking to equalize compliance rules between decentralized and centralized exchanges.

Q: Based on the new FATF draft guidance, it sounds as if a “DEX like Uniswap would be subject to the same compliance rules as a centralized exchange like Coinbase…?” What effect could these requirements have on the development of DeFi.

To whom these regs would apply to… whether it’s directly through transaction fees or indirectly through the price of a coin going up that they use to pay for fees and things of that nature would potentially fall under the umbrella of VASP, which would broadly cover pretty much almost every DeFi platform.”.

Billionaire Ray Dalio warned that central banks would do all they can to protect control of the money supply

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