Decentralized Finance Crypto Exchange Uniswap Starts Blocking Addresses Linked To 'Blocked Activities'
Uniswap, one of the main decentralized finance exchanges in the cryptocurrency world, is now taking measures to ensure illegal funds cannot be transacted using its platform. The company has already started blocking addresses linked to “blocked activities” and will apply a filter with data provided by TRM Labs, a blockchain analysis firm that focuses on detecting illegal activities.
What do you think about this Step from one of the most decentralized finance exchange UniSwap?
Airticle Link:
https://news.bitcoin.com/decentralized-finance-crypto-exchange-uniswap-starts-blocking-addresses-linked-to-blocked-activities/I think this is personally a great idea, Cryptocurrencies for many years have always had some kind of link to illegal activities, doing this will slowly prevent illegal transactions and actually help regain trust in the Crypto world, allowing countries/governments that we do not actually support illegal activities and the ability to blacklist these addresses, showing the possibility is there and can be achieved.
Personally, a lot of users will disagree with this, saying DEX should be fully decentralized and the control should be theirs, but not everyone can be pleased.