Why the BitMEX charges could be bad news for DeFi

[Dociko]

Charges against BitMEX for weak AML and KYC policies could be bad news for the world of decentralized finance.

In the aftermath of criminal charges against BitMEX, the crypto community is debating whether the decentralized finance sector is also set to face the wrath of regulators.

On Oct 1, the U.S. Commodity Futures Trading Commission announced charges against three BitMEX executives for violating the Bank Secrecy Act (BSA) due to the exchange’s allegedly weak anti-money laundering and know-your-customer (KYC) policies.
Details: https://cointelegraph.com/news/why-the-bitmex-charges-could-be-bad-news-for-defi