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From rising costs to attribution trust concerns, blockchain analytics will face many challenges in the coming year. The year is coming to an end and it’s that time again – time for predictions. We’ve heard a lot about the bright future of blockchain, from the promise of seamless cross-border payments to the rise of tokenized real-world assets (currently about $117.74 billion worth of assets are tokenized) and decentralized identity solutions (this market is). expected to reach $2 trillion by 2030).
Year of DeFi Compliance
DeFi is already on regulators’ radar. To name just a few high-profile cases: Uniswap Labs received a notice from the SEC and a $175,000 penalty from the CFTC; The court described Lido DAO as a general partnership. Additionally, the court found that identifiable participants who actively manage the DAO’s operations cannot escape liability simply because it is decentralized.
No matter how decentralized DeFi projects are, be prepared – 2025 will be the year of DeFi compliance. And it must be done. The total number of DeFi users has exceeded 131 million. Criminals use DeFi services to transfer and launder illicit funds, exploiting vulnerabilities in the technology behind DeFi platforms, enforcement and AML/CFT regulations.
Applying FATF standards to DeFi is challenging, particularly when it comes to determining where platforms are based, operated or registered. Without KYC, P2P…
