Tokens on the DeFi Exchange increases by more than 10% on Ethereum
Over the last 24 hours, DGovernance tokens behind top decentralised exchanges Uniswap, SushiSwap, and 1inch Exchange have all seen significant gains, while tokens of the DeFi Exchange have increased by more than 10% on Ethereum. DEXes , or decentralised exchanges, are essential components of the cryptocurrency sector. They do away with the middlemen that centralised […]
SEC files first enforcement action in $30M DeFi project fraud case
“The labeling of the offering as decentralized and the securities as governance tokens did not hinder us from ensuring that DeFi Money Market was immediately shut down and that investors were paid back,” stated the SEC. Securities and Exchange Commission may take enforcement action against a Cayman Islands-based corporation and two individuals in the field […]
Biden strikes a blow to the cryptocurrency industry
The Biden Administration endorsed a tax amendment that appears to be directed at the DeFi industry. In an unexpected move, the Biden Administration endorsed an amendment to a major Senate bill that would subject a large segment of the cryptocurrency industry to onerous or even impossible tax reporting requirements. Senators Rob Portman (R-Ohio) and Mark […]
Decentralization is the only thing that will save DeFi projects, asserts SEC commissioner
Commissioner Pierce of the Securities and Exchange Commission believes that the only way for DeFi founders to avoid financial regulation is to ensure complete decentralization from the start. In a recent blog post, Hester Pierce of the Securities and Exchange Commission of the United States , also known as “Crypto Mom,” expressed concern about widespread […]
DeFi cannot be fully regulated – Dr. Arak Sutivong
Siam Commercial Bank president, Dr. Arak Sutivong believes DeFi needs a framework on how it can be integrated with the rest of the financial ecosystem. Dr. Arak Sutivong, the president of Siam Commercial Bank (SCB) and the CEO of SCB 10X , has provided insight into how one of Southeast Asia’s top venture capital funds […]