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30 November 2020

Blockchain Bites: FATF Considers DeFi, Binance Sues and One Step to a BTC ETF - CoinDesk

Blockchain Bites: FATF Considers DeFi, Binance Sues and One Step to a BTC ETF - CoinDesk


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Blockchain Bites: FATF Considers DeFi, Binance Sues and One Step to a BTC ETF.

“There seems to be an increasing demand to use bitcoin where gold used to be used to hedge dollar risk, inflation, and other things,” said Jim Reid, managing director, head of global fundamental credit strategy, as quoted by ZeroHedge.

They do not necessarily fit a DeFi world where they are not fit for purpose.” Jones added that digital assets, including the emerging decentralized finance sector, are about removing intermediaries, not necessarily to avoid money laundering or terrorist financing protections.

Binance sues Binance has taken aim at Forbes Media, and two of its reporters, in court related to a story that claimed the crypto exchange giant is engaged in regulatory arbitrage.

The frequency of flash loans in DeFi exploits have led some to believe this poorly understood tool to be the root of the issue, but now, industry experts are saying they are hardly to blame, CoinDesk’s Will Foxley reports.

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