But why bother using those services which are supposedly decentralized only to eventually be forced to accept to identify yourself when you can use centralized exchanges which offer a better service, have better reputation, have been around for longer and which have a higher volume? The main reason to use a decentralized exchange should be because you care about your privacy, and if it is not going to be respected anyway then there is not a single reason to use them at all.
Exactly. There will be no point in using "De-Fi" if platforms are going to require you to verify your ID. The whole point of decentralization is to remove the middleman from the system. Don't tell me that a system requiring ID verification won't have a middleman behind it. There has to be someone behind it to help provide governments with the information they need. Thus, "De-Fi" platforms complying with KYC/AML laws would effectively turn centralized by design.
That's what you get when crypto becomes extremely popular in the mainstream world. Regulators would want a piece of the pie by limiting crypto's potential as much as possible. It would be up to us whenever we will allow the government to interfere in everything related to crypto or not. If we oppose such actions, you can rest assured the government will leave crypto alone. But most people don't care, so governments will continue to do what they're doing until they destroy crypto/Blockchain tech for good. No one knows what will be the governments' next move, so we can only hope for the best. Just my thoughts
