Colin Wu
Colin Wu|Mar 17, 2025 03:25
OKX DEX suddenly suspended its service, leaving many people confused and asking what the reason is? It's actually due to regulatory pressure from the European Union. Due to Bybit North Korean hackers using it to launder nearly $100 million. The EU's wording during the meeting was very harsh. The EU is not capable of doing things, but its political correctness is top-notch. The key is OK. I just got my Mica license. It's really difficult. A brand's main business needs to be thoroughly compliant, while its sub businesses need to be decentralized without licenses, making it difficult to distinguish regulation. I don't know if OKX web3 will need to add some artificial control mechanisms or divide it into different zones, such as BAN dropping from the European Union. Even restored to require KYC (similar to Binance). Maybe in the future, we won't build infrastructure and call on others. This is indeed a bit regrettable for OKX's long-term investment, but it seems to be an inevitable dilemma that WEB3 DeFi will face. Unless you have no centralized entity like Bitcoin, you cannot achieve permissionless and cannot withstand regulatory pressure. OKX Announcement: After consulting with regulatory authorities, we have voluntarily decided to temporarily suspend the DEX aggregator service. This allows us to implement additional upgrades to prevent further abuse. https://www. (okx.com)/zh-hans/learn/dex-aggregator-service-update Earlier Bloomberg report https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=39305
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