❌ The US Treasury Targets DeFi: The End of Anonymity?

- The US Department of the Treasury is discussing the implementation of digital identification in DeFi smart contracts. Formally, the goal is to combat money laundering, but in reality, this could undermine the very idea of decentralization.

- What ZachXBT says:

✳ Criminals will find workarounds — for example, they will purchase ready-made accounts that have passed KYC.

✳ Regular users risk their personal data, which may leak.

✳ Meanwhile, companies and teams that have allowed data leaks or negligence often evade responsibility.

✳ Example — the 2023 leak at KrollWire: client data from Genesis, BlockFi, and FTX ended up in the hands of hackers, with damages exceeding $300 million.

It turns out that the new rules will impact not the fraudsters, but ordinary market participants, for whom DeFi was valued for its privacy and freedom. 🤔#cryptonews #BinanceSquare