The DEX feature I love is not KYC, all transactions are hierarchical. Demand on DEX is the real demand it is not due to the transaction by bots as the centralized exchange. If DEX is tightened management, it's a pitty.
I like DEX, but it seems that they want to be centralized and regulated like the famous centralized exchanges. For example, IDEX has a lot of bots and they create trading volumes for certain coins and the demand can be regulated by the owners of the coins. But anyway, DEX is the future, perhaps the owners of DEX will register them in countries with loyal legislation. 
Topic: Regulations and the Future of DEXs (Read 390 times)
Here's something to chew on. Crypto assets may no longer be classified as securities according to a new bill proposed by U.S. Rep. Warren Davidson : https://cointelegraph.com/news/report-us-congressman-announces-plans-for-federal-cryptocurrency-and-ico-regulation
And Ohio, which the senator represents, recently passed a bill for people to pay their tax in Bitcoins.
Big picture incoming...
And Ohio, which the senator represents, recently passed a bill for people to pay their tax in Bitcoins.
Big picture incoming...
I wonder why did etherdelta payed SEC? Why did they show their faces?
it is DEX, they don't need to register in SEC, there is no a requirement and any regulation.
Why does SEC try to take under control everything?
it is DEX, they don't need to register in SEC, there is no a requirement and any regulation.
Why does SEC try to take under control everything?
Someone seems to be trying to figure out the pattern just as much too: https://bitcointalksearch.org/topic/m.48355776
The salient question at the moment is "Is the SEC overreaching?"
I wonder why did etherdelta payed SEC? Why did they show their faces?
it is DEX, they don't need to register in SEC, there is no a requirement and any regulation.
Why does SEC try to take under control everything?
it is DEX, they don't need to register in SEC, there is no a requirement and any regulation.
Why does SEC try to take under control everything?
Hard to believe in real decentralization as for example IDEX (decentralized) introduced KYC for its users, is it possible?
Real decentralization is not dream for finance social circles like crypto community. Requiring to pass KYC is not the way to build customer satisfaction especially in this kind of business models. Decentralization will replace whole exchanges in 10 years imho.
In related news, those who've been hanging their hats on some sort of ETF-approval to grind the gears of the next run can go sit in the corner and wait for the industry to get its act together:
SEC Chair Clayton: Crypto ETF Needs Exchanges 'Free From Manipulation' - CoinDesk
https://www.coindesk.com/clayton-sec-ico-funding-security-offering
SEC Chair Clayton: Crypto ETF Needs Exchanges 'Free From Manipulation' - CoinDesk
https://www.coindesk.com/clayton-sec-ico-funding-security-offering
For me I think SEC is just trying to exploit the small projects in the space, until there is a clear legislation this is still going to be a subjective issue. If they go after big projects and become a legal issue and court make pronouncement about it then we can say this is this. I think ICO will become very strict with their KYC now and move out of US to a more ICO friendly countries
Interesting times are coming. What if DEX won't disclose their identities like etherdelta did? How SEC will catch such violators? I believe DEX owner should be unknown
I'm finding a sense of clarity in the PR recently released by the SEC. Also, seeing that the narrative is wholly different from what the presses have been publishing. Make syou wonder why? The article writers didn't read or purposely spreading misinformation?
Here's the PR: https://www.sec.gov/news/public-statement/digital-asset-securites-issuuance-and-trading
Here's the PR: https://www.sec.gov/news/public-statement/digital-asset-securites-issuuance-and-trading
Hard to believe in real decentralization as for example IDEX (decentralized) introduced KYC for its users, is it possible?
Decentralization has become more or less a buzzword for just about anybody to peddle their dream. True decentralization is few and too far apart. If it's not mining centralization, then it's exchanges, investor pools, even masternodes... we've got ways to go yet 
So many negative think from financial expert about decentralization, its look like some extremis, drug trading and money laundering, i think SEC regulation because that reasons
Hard to believe in real decentralization as for example IDEX (decentralized) introduced KYC for its users, is it possible?
The DEX feature I love is not KYC, all transactions are hierarchical. Demand on DEX is the real demand it is not due to the transaction by bots as the centralized exchange. If DEX is tightened management, it's a pitty.
Either DEX introduces KYC, as if I am correct IDEX is about to do or they will follow the path of Etherdelta (if the owner of the DEX is known).
The 3d possibility is that it is a DEX, where the owner is not known, but here even bigger chance that he will run with all the funds sooner or later.
The 3d possibility is that it is a DEX, where the owner is not known, but here even bigger chance that he will run with all the funds sooner or later.
Regulations will kill all DEX if they become large enough just like the model I see with Edgeless you will have to prove your identity before you can use the DEX.
This effectively kills the DEX making it just another exchange you need to sign up for and a trust system.
This effectively kills the DEX making it just another exchange you need to sign up for and a trust system.
I read news for idex, they are bringing kyc soon. I dont like kyc for dex because it is not suitable for the nature of work, still we are giving all data to everybody.
Leaving SEC out of this, when any government agency is ready to go after crypto, they don't need to waste their energy going after individuals. It the platforms that makes crypto thrives that they attack and when they do that, they have cut the head which is what is happening in the case of EtherDelta but the consolation is that, as they cut off one, others are springing up trying to learn from what led to the fall of the latter. Just like Op suggested, these are the several options that would be considered by any new platform ready to operate any form of exchange platforms.
There are so many advantage of DEX platforms such as full custody of money, privacy, less risk from the authorities, platform to buy tokens before token launch on the CEX. But due to US authority SEC's interference IDEX is launching AML? KYC on their platform due to thread of getting closed. as per the research 10% of Americans invest in cryptocurrencies and this news going to impact the market very badly. Now looks like other famous DEX such as KYBER netwrok, Openledger Dex, Forkdelta etc will also go on the same path.
I hope that any other DEX will never try to put their business on US. SEC is suck and how this institution was thinking if everything can be controlled by them. DEX will still alive. It can't even do anything to the bitconnect because that was not based on US.
As of right now the decentralized exchanges are not very mature and their isn't much regulation for the exchanges .They operate with their own regulations .It will take some years for regulators to occur .
Decentralized exchange is the goal and future of crypto, where anyone can create a buy and sell platform without area restrictions, if the SEC has limited its better to get out of America and let them lag behind us
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