Investors are back into Bitcoin but DEXs are still the future of crypto

Bitcoin’s long-waited bull run and the current wave of company and institutional buyers allocating vital parts of their reserves to Bitcoin (BTC) are all indicators that the tempo of crypto’s mainstreaming is quickly accelerating: However has the trail to mass adoption come at the price of privateness and decentralization? 

Know Your Customer and Anti-Money Laundering laws have pressured nearly all of cryptocurrency exchanges to turn out to be extra clear about who their customers are, and those that refused have needed to restrict the jurisdictions wherein they will supply companies.

With a view to function legally in lots of nations, many exchanges have had no alternative aside from to abide by strict AML procedures, and other than Monero (XMR), swathes of privateness cash have been delisted from most main exchanges.

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Just lately, regulators have begun to crack the whip and jurisdictions around the globe proceed to propagate additional measures to make sure buyers disclose their crypto holdings and pay taxes on their profits.

And that is all taking place as the US Division of Justice arrested the co-founder of BitMEX and the CFTC charged its homeowners with operating an unlawful crypto derivatives alternate.

Roughly per week later, the Monetary Conduct Authority, the UK’s high regulatory watchdog, went so far as to ban investors from derivatives trading at all crypto exchanges.

All of those maneuvers are designed to pressure compliance on crypto service suppliers, and whereas they could finally help with furthering mass adoption, many crypto ideologues are on the lookout for alternate options to press their case for monetary self-sovereignty.