Regulations and the Future of DEXs

[the1arty]

Either DEX introduces KYC, as if I am correct IDEX is about to do or they will follow the path of Etherdelta (if the owner of the DEX is known).
The 3d possibility is that it is a DEX, where the owner is not known, but here even bigger chance that he will run with all the funds sooner or later.

[1715015445]

1715015445

[tuansemazi]

The DEX feature I love is not KYC, all transactions are hierarchical. Demand on DEX is the real demand it is not due to the transaction by bots as the centralized exchange. If DEX is tightened management, it's a pitty.

[MorganFreeman41]

Hard to believe in real decentralization as for example IDEX (decentralized) introduced KYC for its users, is it possible?

[pageraji]

So many negative think from financial expert about decentralization, its look like some extremis, drug trading and money laundering, i think SEC regulation because that reasons

[Bowtiesarecool]

Hard to believe in real decentralization as for example IDEX (decentralized) introduced KYC for its users, is it possible?

Decentralization has become more or less a buzzword for just about anybody to peddle their dream. True decentralization is few and too far apart. If it's not mining centralization, then it's exchanges, investor pools, even masternodes... we've got ways to go yet

[Bowtiesarecool]

I'm finding a sense of clarity in the PR recently released by the SEC. Also, seeing that the narrative is wholly different from what the presses have been publishing. Make syou wonder why? The article writers didn't read or purposely spreading misinformation?
Here's the PR: https://www.sec.gov/news/public-statement/digital-asset-securites-issuuance-and-trading

[luongdk]

Interesting times are coming. What if DEX won't disclose their identities like etherdelta did? How SEC will catch such violators? I believe DEX owner should be unknown

[jacafbiz]

For me I think SEC is just trying to exploit the small projects in the space, until there is a clear legislation this is still going to be a subjective issue. If they go after big projects and become a legal issue and court make pronouncement about it then we can say this is this. I think ICO will become very strict with their KYC now and move out of US to a more ICO friendly countries

[Bowtiesarecool]

In related news, those who've been hanging their hats on some sort of ETF-approval to grind the gears of the next run can go sit in the corner and wait for the industry to get its act together:

SEC Chair Clayton: Crypto ETF Needs Exchanges 'Free From Manipulation' - CoinDesk
https://www.coindesk.com/clayton-sec-ico-funding-security-offering

[PuertoLibre]

Hard to believe in real decentralization as for example IDEX (decentralized) introduced KYC for its users, is it possible?

Real decentralization  is not dream for finance social circles like crypto community. Requiring to pass KYC is not the way to build customer satisfaction especially in this kind of business models. Decentralization will replace whole exchanges in 10 years imho.

[^BuTcH^]

I wonder why did etherdelta payed SEC? Why did they show their faces?
it is DEX, they don't need to register in SEC, there is no a requirement and any regulation.
Why does SEC try to take under control everything?

[Bowtiesarecool]

I wonder why did etherdelta payed SEC? Why did they show their faces?
it is DEX, they don't need to register in SEC, there is no a requirement and any regulation.
Why does SEC try to take under control everything?

Someone seems to be trying to figure out the pattern just as much too: https://bitcointalk.org/index.php?topic=5078280.msg48355776#msg48355776

The salient question at the moment is "Is the SEC overreaching?"

[Bowtiesarecool]

Here's something to chew on. Crypto assets may no longer be classified as securities according to a new bill proposed by U.S. Rep. Warren Davidson : https://cointelegraph.com/news/report-us-congressman-announces-plans-for-federal-cryptocurrency-and-ico-regulation

And Ohio, which the senator represents, recently passed a bill for people to pay their tax in Bitcoins.

Big picture incoming...

[niteroy]

The DEX feature I love is not KYC, all transactions are hierarchical. Demand on DEX is the real demand it is not due to the transaction by bots as the centralized exchange. If DEX is tightened management, it's a pitty.

I like DEX, but it seems that they want to be centralized and regulated like the famous centralized exchanges. For example, IDEX has a lot of bots and they create trading volumes for certain coins and the demand can be regulated by the owners of the coins. But anyway, DEX is the future, perhaps the owners of DEX will register them in countries with loyal legislation.