TheBlock
2020-08-13 22:12:43

The FATF’s July review highlights risk of a future divide in the crypto services ecosystem

Quick TakeThe Financial Action Task Force released a review of how jurisdictions are responding to guidance released last year.The review indicates that jurisdictions uncomfortable with noncustodial wallets have the ability to ban exchanges that allow their use in peer-to-peer transactions.As exchanges continue to explore solutions, many are primarily focused on solutions for custodial wallets, which could spell trouble for DeFi.

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