DeFi websites hit with ‘disappointing’ KYC rule in waning days of Biden administration

Reported by Aleks Gilbert US-based websites and crypto wallets that provide easy access to the world of decentralised finance must perform background checks on customers and record their every transaction starting in 2027, the Treasury Department said Friday. Crypto developers and attorneys have long warned the rules could pose an existential threat to decentralised finance, the blockchain-based […]