🇺🇸 In the USA, the idea of embedding KYC into DeFi smart contracts is being considered.👀

🖥 The US Treasury is exploring the possibility of integrating identity verification directly into DeFi smart contracts. If this happens, each transaction will be tied to a specific individual. In fact, this will strip decentralized finance of anonymity and make it state-controlled.

💬 Critics compare such changes to "cameras in every living room." They argue that this could lead to censorship, leaks of personal data, and restrict access for millions of people who do not have official identification.