WATCH OUT For These Events!! Good, Bad & Ugly!! (Ep 228)
Coin Bureau
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The Infer Structure Bill Could Be a Black Swan for the Cryptocurrency Market
The infer structure bill is currently in its final stages of approval. The treasury department has noted that crypto currency miners, validators and wallet developers won't be required to abide by this tax reporting rule. But given the crypto currency brokers such as crypto currency exchanges, already collect k y c, this suggests regulators will pursue defy projects. Even though it's impossible for defi protocles to abide by these regulations, the centralized gateways you used to access them are likely to have to comply too. This could do some damage to defi tokens in the short term, but it's a blow that will be easily absorbed by larger defy projects which are already seeing an insane amount of institutional adoption.
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