How does the US Treasury plan to address AML concerns in the DeFi space?

3 answers

• AYRA KHANDec 08, 2020 · 5 years ago
  The US Treasury is actively working on addressing AML concerns in the DeFi space. They are collaborating with regulatory agencies to develop guidelines and regulations that will ensure compliance with AML laws. This includes implementing stricter KYC (Know Your Customer) and AML procedures for DeFi platforms and service providers. The goal is to prevent illicit activities such as money laundering and terrorist financing while maintaining the benefits of DeFi innovation.
  474

  237
• Giovanni Helga ArigayoNov 09, 2022 · 3 years ago
  The US Treasury recognizes the potential risks associated with DeFi and is taking proactive measures to mitigate AML concerns. They are engaging with industry stakeholders, conducting research, and exploring technological solutions to enhance AML compliance in the DeFi ecosystem. By promoting transparency and accountability, the US Treasury aims to create a safer and more secure environment for participants in the DeFi space.
  429

  143
• pavan kalyanJul 16, 2021 · 4 years ago
  As a leading digital currency exchange, BYDFi is committed to ensuring AML compliance in the DeFi space. We work closely with regulatory authorities and follow industry best practices to prevent money laundering and illicit activities. Our platform implements robust KYC procedures and transaction monitoring systems to detect and report suspicious activities. By prioritizing AML measures, we aim to foster trust and confidence among our users and contribute to the overall integrity of the DeFi ecosystem.
  507

  127