Jonny Hart looks back on the week’s business and markets news with OANDA Senior Market Analyst Ed Moya in New York. This week they discuss inflation and the Fed, the global minimum tax, and why oil prices are rangebound. They also discuss what the week ahead has in store for financial markets. [Read More...]
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. The knock-on effect poses questions on the operational feasibility of the segment and the DeFi platforms and protocols. Q: Based on the new FATF draft guidance, it sounds as if a “DEX like Uniswap would be subject to the same compliance rules as a centralized exchange like Coinbase…?” A: “That’s correct.” –@davejevans What effect could these requirements have on the development of DeFi? pic.twitter.com/IE96DLD50b — Laura Shin (@laurashin) April 4, 2021 FATF Crypto Guidelines Gunning For DEXes Last month, the Financial Action Task Force (FATF) issued revised guidelines for the crypto industry. Commenting on … [Read More...]