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 […]
Tag: ZKP
By Aaron Watts On-chain tokens fully backed by T-bills and cash reserves, stablecoins emerged as an answer to the volatility of assets like Bitcoin, giving investors an opportunity to escape price instability without cashing out altogether. Over the last decade, it’s fair to say ‘crypto dollars’ have become a much-needed bridge between the worlds of […]