DeFi is no longer decentralized — compliance is undermining decentralization

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The story "DeFi is no longer decentralized — compliance is undermining decentralization" was covered 2 days ago by Coin Telegraph, a news publisher based in United States.

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Coin Telegraph 2d ago

DeFi is no longer decentralized — compliance is undermining decentralization - Coin Telegraph

Quick Summary:

DeFi’s promise of decentralized finance is being undermined by increasing compliance measures, leading to potential censorship and loss of user control.

Lawyers and compliance officers, fearing potential sanctions and legal risks, prefer to over-comply, even when restrictions seem excessive.

Additionally, as more developers operate as identifiable legal entities rather than anonymous contributors, they proactively implement compliance mechanisms to mitigate risks for themselves and their investors.