Regulating DeFi With Fireblocks CEO Michael Shaulov

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The third facet is basically round anti-money laundering (AML). I believe it is vitally necessary, as a result of we don’t need to see this factor leveraged by dangerous actors to do issues which are objectively dangerous for humanity. The resolution for that may be a form of “soft KYC [know-your-customer]” rule. Let’s say you’ve gotten KYC with Binance and so they give me a token that claims I used to be KYC’d, you’re on this jurisdiction and also you’re a excessive web value particular person. And then if I need to work with Aave, for instance, they’ll question that token. They don’t realize it’s Michael Shaulov, however they’ll get an attestation that I used to be licensed, and so they can certify some parameters about my id.