Traditional finance is built not on collateral but on reputation, and DeFi will grow by following suit.
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Crypto Exchanges Required to Implement KYC measures
Cryptocurrency exchanges now have to keep up with the Know-Your-Customer regulations being established by authorities across the globe. This issue has risen following the bullish
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Japan’s FSA asks cryptocurrency industry group to introduce FATF travel rule
Japan has been a member of the FATF since 1990.
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New FATF Guidance Applies Regulatory Standards to Decentralized Exchanges, Defi and NFTs
On March 19, the Financial Action Task Force (FATF) published draft guidance on the risk-based approach to virtual assets. The newly updated guidance now applies
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South Korea faces strict crypto regulation and fears of centralization
The growing cost of compliance in South Korea could push smaller crypto businesses out of the country.
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Experts say new South Korean crypto rules will create a monopolized market
Blockchain industry members claim that smaller-scale startups have struggled to forge partnerships with local banks in South Korea and are therefore unable to register under
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