Navazan explained that this contrast is “a critical aspect for the crypto and DeFi compliance issue.” She raised concerns that while mixers and privacy coins are on regulators’ watchlists, the use of ZK-proofs might help:“If zero-knowledge proofs can provide compliant-friendly privacy, regulators might be more likely to allow for privacy-preserving financial instruments.”She further highlighted that regulatory adoption is “the biggest challenge so far” for DeFi, with regulators equating “financial transparency to seeing every transaction and identity.” She noted that ZK-proofs changed that model and asked if regulators would adopt proofs instead of raw data.
Money’s GMX pools hacked, $13M lostDeFi’s long battle with complianceNavazan said, “in DeFi, we need a more tailored approach.” According to her, solutions developed for centralized finance are not suitable for its decentralized counterpart due to different priorities:“Mechanisms that function in centralized finance do not work in the decentralized space, which prioritizes privacy and autonomy,” she added.
According to a recent announcement shared with Cointelegraph, PureFi claims that its ZK-proof-based KYC and AML integration for Uniswap helps address security and compliance concerns at the protocol level.
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Author / Journalist: Cointelegraph by Adrian Zmudzinski
The story "KYC Uniswap integration deployed by PureFi, but not everyone is convinced" has 565 words across 21 sentences, which will take approximately 3 - 5 minutes for the average person to read.
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