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Amid illicit finance debate, a new proposal wants the Treasury Department to treat DeFi like ...

Retrieved on: 2024-01-31 15:01:47

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Amid illicit finance debate, a new proposal wants the Treasury Department to treat DeFi like .... View article details on HISWAI: https://fortune.com/crypto/2024/01/31/illicit-finance-defi-treasury-fincen-polygon/

Summary

The article discusses challenges in regulating cryptocurrencies like Bitcoin, especially regarding money laundering and financial crimes, and details a proposal to adapt existing financial regulations, such as KYC and AML, to the decentralized nature of blockchain and DeFi platforms.

Article found on: fortune.com

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