Lado Okhotnikov: SEC Shifts Tactics – Decentralized Exchanges Under Scrutiny

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The cryptocurrency industry is going through a period of heavy regulation. The creator of the FTX exchange, Sam Benkman-Fried, is already serving a prison sentence, and the head of Binance, Changpeng Zhao, faces three years in prison, including for concealing transactions towards Hamas, al-Qaeda and ISIS.

Industry giants Coinbase, Tron and Ripple have also found themselves in the crosshairs of regulators, along with dozens of other crypto companies. Centralized exchanges have already experienced regulatory pressure, but this has not been enough. Decentralized exchanges are of particular interest to regulators. Now the Securities and Exchange Commission has its sights set on Uniswap, whose trading volumes are comparable to the giant Binance.

We have come to the understanding that users of our metaverse need a reliable tool for exchanging cryptocurrencies earned within the platform. This issue is long overdue, as some want to purchase tokens to access products within the metaverse, while others want to sell earned coins, for example, for reinvestment. It is to meet these needs of Meta Force users that they are developing their own decentralized exchange.

 

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