News Snapshot:
BitMEX Case Might Prompt a Closer Regulatory Look into DeFi Source: Adobe/Tryfonov The latest crackdown on the world’s first crypto derivatives exchange, BitMEX , might turn the regulatory eye towards the decentralized finance ( DeFi ) space, said financial services platform BitOoda . “In our view, we will not be surprised if/when regulators take a closer look at DeFi platforms and participants, as they recognize the potential for these networks to be used for nefarious activity that violates the BSA (Bank Secrecy Act, aka Travel rule ) or other rules, even if the network incorporates KYC [know your customer],†the...
