News Snapshot:
According to FT, some Chinese investors are defying China’s crypto ban by turning to decentralized exchanges (DEXs). Rather than accept notices of account closure from centralized exchanges (CEXs), diehard investors are looking at DEXs to continue trading crypto. What’s more, as pointed out by some, authorities cannot stop DEXs and DeFi when the protocols are designed to facilitate interaction without a centralized intermediary. “How can authorities stop me when the industry has developed to evade centralised control?” Given that users will circumvent barriers placed before them, this situation rehashes the debate on whether crypto bans are worth implementing in the...
