With Democratic control of the House, Senate, and White House and widespread support for an infrastructure bill, the United States has a narrow opportunity to catch up to the rest of the world on last-mile fiber deployment. Assuming that the Accessible, Affordable Internet for All Act will be the basis for any legislation included in the infrastructure bill, the act should be revised with open access infrastructure (including open conduit and dark fiber that are subject to government oversight) as its central tenet.
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Despite still being in the early days of DeFi, Lithuanian policymakers are already creating a regulatory framework for this technology, Armonaitė said. “We are at the final stages of the establishment of the anti-money laundering competence center here in Lithuania.”
The Lithuanian government is hoping to facilitate better public and private cooperation and information sharing, as well as coordinate technology adoption and implementation. “Hopefully that kind of framework where governmental and private institutions come together and work together towards a better regulation [that] would enhance change and appreciate the creative destruction we are facing, rather than defending ourselves from it,” Armonaitė said.
Back in March, the Financial Action Task Force published an updated version of its draft guidelines for cryptos with significant implications for the DeFi space. The document likely signals the growing intent among regulators to implement Know Your Customer compliance protocols for DeFi platforms.