The decentralized exchange (DEX) “Orca” based on the Solana blockchain, has announced that it will no longer be able to use the “Trade” service from the United States. Although the reason for the ban has not been officially explained, the US will be added to the list of countries/regions where the use of Trade is prohibited on March 31. This announcement has caused a lot of interest in the Orca community, with some speculating that it is related to US regulations.

However, it is still possible to provide liquidity, and Orca’s smart contracts and software development kits can also be used. The banned Trade is a service that exchanges cryptocurrencies on the Orca website. As of this writing, Orca has the highest TVL (Total Value Locked) value of cryptocurrencies locked for operation on the Solana blockchain in the DEX category, with a TVL of about $46.68 million, according to data from DefiLlama.

Orca’s terms of service state that “regulations governing token-related transactions are still in development.” “If national or global laws or regulatory rules are made, they may affect the use, transmission, trading and value of tokens,” it said. It seems that trades via aggregators can still be done from the United States, as Orca’s smart contract can be used.

This news comes as regulatory development and crackdowns on cryptocurrencies have accelerated in the United States. Earlier this month, it was revealed that a revised version of the high-profile bipartisan cryptocurrency bill announced last June is set to be submitted to the U.S. Senate in mid-April. The bill focuses on establishing a new legal definition of cryptocurrencies, clarifying the role of regulators, strengthening oversight of stablecoins, and reforming the taxation of cryptocurrencies.

Furthermore, Elizabeth Rosenberg, assistant secretary of the Treasury Department’s Office of Terrorism Financing and Financial Crimes, has said she is investigating the risks of DeFi being used fraudulently. While there is interest in the legal use of DeFi, fraudsters are always looking for ways to hide their criminal activities and launder criminal proceeds, posing a threat to the cryptocurrency ecosystem. As a result, Aggregator 1inch, which provides one-stop access to DeFi, also prohibits use from the United States in its terms of service.

The ban on Orca’s Trade service from the United States has sparked interest in the Orca community, with speculation that it is related to US regulations. While trades via aggregators can still be done, regulatory crackdowns on cryptocurrencies in the US have accelerated, with a revised version of a high-profile bipartisan cryptocurrency bill set to be submitted to the US Senate in mid-April, and investigations into the risks of DeFi being used fraudulently.

#Orca #Solana #Solanadex #azcoinnews #DEX

This article was republished from azcoinnews.com

¿Qué es Orca?🐳
Orca es el lugar más fácil para intercambiar criptomonedas en la cadena de bloques Solana. En Orca, puedes intercambiar tokens de forma económica, rápida y segura (gracias a nuestro indicador de precio justo). Además, puede proporcionar liquidez a uno de nuestros fondos de liquidez, incluidos nuestros fondos de liquidez concentrados (Whirlpools) para ganar tarifas comerciales y emisiones de tokens.
Tutorial Orca🐳
1. Abra TokenPocket, haga clic en 【Descubrir】 y busque 【Orca】 buscando en 【Popular DApps】 o en la barra de direcciones superior, luego abra la DApp.

2. Para usar Orca por primera vez, haga clic en 【Conectar billetera】 y seleccione TokenPocket para vincular su billetera.

3. Después de conectar exitosamente la billetera, la página predeterminada conducirá a la interfaz de comercio de tokens. Al hacer clic en ‘Comprar’ se puede cambiar a la función ‘Vender’ para controlar la compra y la venta. Otras operaciones son similares a la función Swap diaria. Elija el token y la cantidad deseados para intercambiar, luego haga clic en ‘Comprar’ o ‘Vender’ para realizar operaciones en cadena.

4. Si necesita verificar los registros de operación de la transacción, puede hacer clic en ‘HISTORIAL’ para ver los detalles. La barra de menú en la esquina superior izquierda puede mostrar las funcionalidades completas de Orca, y el cambio de idioma en la parte inferior le permite elegir otros idiomas compatibles.

5. Seleccione ‘Liquidez’ en el menú. Para la primera visita, aún necesita ‘Conectar Wallet’. Elija TokenPocket y vincúlelo. En la lista, seleccione el par de tokens que desea depositar, por ejemplo, elijo jitoSOL/SOL. Haga clic en ‘Depositar’ para completar el proceso.

6. Durante la operación, puede optar por ver los vídeos tutoriales oficiales según su propia situación. Después de consultar las instrucciones de operación, haga clic en el menú ‘Comenzar’ para navegar. Establezca la cantidad que se almacenará en la interfaz abierta y finalmente haga clic en ‘Vista previa’ para realizar la cadena

#Solana #Orca #DeFi #TokenPocket #wallet $SOL