Opinion
Making the case for regulated DeFi
Beneath the headline-grabbing speculation and cybercrime, there is real innovation occurring on public blockchains that could improve the financial system.
John HendersonContributorThe US Treasury recently alleged North Korean hackers have used Tornado Cash, a popular ethereum privacy service, to launder proceeds from cybercrime and place more than 40 USDC addresses on the US sanctions list.
This was a stark reminder that crypto can be used for illicit purposes, leading to renewed calls for its regulation or even an outright ban. The former is appropriate, whereas the latter would be a huge mistake.
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