nienaeh5
@nienaeh5
KYC is also an outdated solution that is now imposed on cutting-edge technology. DeFi protocols are decentralized code, not transacting intermediaries. True DeFi protocols can’t run away with your money. The “KYC or bust” model is awkward at best and lacks regulatory diligence at its worst. They also diminish the effects of other regulations like privacy protections, which lack impact on deterring serious crime but often burden honest users and create data-honeypot risks.
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