Article: Brave Co-Founder: ‘User Choice’ At Heart of Crypto Web Domains

Decentralized Internet, Web 3.0

Brave Co-Founder: ‘User Choice’ At Heart of Crypto Web Domains

“If you eliminate the custodian of your domain name and your web content, you put the user back in control—they now have ownership, they’re now the ones who can monetize rather than these other companies,” Bradley Kam, co-founder of Unstoppable Domains, said on the Decrypt Daily podcast last Friday.

Kam said that in America, the appeal of the decentralized web isn’t so much about censorship resistance but rather user ownership, and the security that provides.

“[I] think that’s the thing that crypto brings up—so, for example, I’m not really worried about my money being censored where I am with my banks in the United States, but I am concerned about having control over it,” he said.

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Article: Anti-Money Laundering Rules Targeting DeFi, NFTs Could Be Fatal, Analysts Warn

Blockchain, Crypto

Anti-Money Laundering Rules Targeting DeFi, NFTs Could Be Fatal, Analysts  Warn - DecryptAnti-Money Laundering Rules Targeting DeFi, NFTs Could Be Fatal, Analysts Warn

In its new guidance, the FATF defined most operators of decentralized finance (DeFi) platforms as “Virtual Asset Service Providers” (VASPs). That means that, if the guidelines are adopted in the US and other major jurisdictions as proposed, many DeFi platforms will have to find a way to comply with rules around combating financial crimes. But that won’t be as easy as it may sound.

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