The idea of decentralized finance is that there is no central authority in charge to control the exchange’s operations doesn’t mean they can get away with lax or no know-your-customer (KYC) and anti-money-laundering (AML) compliance. Or that there is no one to be held accountable.
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Huobi’s regulator-friendly financial blockchain launches beta
Huobi’s regulator-friendly financial blockchain framework is aimed at DeFi applications ranging from payments and tokenized assets to lending and identity verification systems, according to a release. It also can host distributed exchanges (DEX) and private blockchains, among other services.
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Eyeing the future, US Congress moves to define ‘blockchain’ and ‘cryptocurrency’
Senate action on Blockchain Promotion Act seen as vital to growth
The U.S. Senate Commerce, Science and Transportation Committee voted to approve the Blockchain Promotion Act of 2019 on July 12, giving the Commerce Department one year to come up with “a recommended definition of the distributed ledger technology commonly known as ‘’blockchain technology.’”
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U.S. Treasury Secretary Steven Mnuchin wants to regulate wallets on his way out the door (Photo: Wikipedia).Mnuchin doubles down on President Trump’s Bitcoin, Facebook bashing
Treasury Secretary said potential for abuse of Libra cryptocurrency is a national security issue
Treasury Secretary Steven Mnuchin called cryptocurrencies a “national security issue” that threatens to enable drug dealers, human traffickers, and terrorists during a press conference Monday.
