$UNI ON TROUBLE AGAIN! 🚨 Here What Happened 👇
Uniswap has just been accused for offering illegal leveraged crypto trading to U.S. investors! As a consequence, UNI now has to pay a $175,000 fine and stop these activities! Once again, the CFTC (Commodity Futures Trading Commission) has chosen an intimidatory approach, rather than providing clear regulations for DeFi protocols! The recent interest from SEC and CMTC on Defi platforms (DEXes) outlines an incoming introduction of compliance requirements. So, DeFi platforms might face new compliance standards in the near future!
In my opinion, regulatory actions may could influence negatively the development and adoption of DeFi technologies in the short term. However, in the long term, a clear regulations will allow these platform to be integrated into traditional financial systems!
DeFi platform's technology is currently underrated due to its complexity, but I'll break it down on my next articles! 🤝
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
