🇺🇸 The US Treasury opposes anonymity in DeFi.

The US Department of the Treasury is considering implementing digital identity verification (KYC) in DeFi smart contracts to combat money laundering.

Opinion of ZachXBT:

• Fraudsters will easily bypass such checks by purchasing ready-made accounts with KYC.

• Ordinary users risk facing leaks of their personal data.

• Providers and companies that have had leaks due to their incompetence will not be held accountable for negligence.