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I think this is seriously going to degrade as crypto exchanges come under AML and KYC regulations. Liquidity is overwhelmingly moving to centralized exchanges a
by Traster 4y ago
I think this is seriously going to degrade as crypto exchanges come under AML and KYC regulations. Liquidity is overwhelmingly moving to centralized exchanges and those exchanges have to support transfers to/from fiat currency which basically means they'll all end up implementing standard AML/KYC checks for any reasonable size of transactions. So yeah you might be able to store some value in this incredibly volatile speculative asset, but when it comes time to liquidate it's going to become very difficult to find a counter-party who'll hand over cash. At that point the question is what are you getting? 90 cents on the dollar? 10 cents on the dollar? I'm not sure that sort of liquidity beats other money laundering schemes.
- aaaaaaaaata 4y ago> Liquidity is overwhelmingly moving to centralized exchanges Is it? Or are new people flooding into centralized exchanges faster than existing people are [(flooding into defi)+(moving to defi)]?