Tag: KYC

DeFi Faces Uncertainty as U.S. Proposes Mandatory ID Verification

By Emir Abyazov Key highlights: U.S. Treasury explores mandatory identity verification in DeFi protocols. Integration of KYC and AML aims to curb illicit financial transactions. Critics warn this could undermine pseudonymity and financial freedom. The U.S. Treasury Department is considering embedding identity verification directly into decentralized finance (DeFi) smart contracts, a move that could radically […]