Got many questions lately about DEXes and regulations. I believe that if there is an entity that is earning trading fees then you have to follow same rules of CEXes. No way around.
P2P exchanges are the cyberpunk alternative in my opinion. P2P as in #LightningNetwork P2P 
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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What if community DAO earns trading fees?
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It's a targetable group still
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Yep, Binance DEX is especial susceptible to this risk. It’s regulatory theatre
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We are discussing this internally for eosfinex as well. It's important to understand that if you put
on a 
there is still an entity or specific community earning from the exchange activity.
There is tech available to build fully P2P exchanges. UX is of course important there - Show replies
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in Brasile un dex veramente decentralizzato p2p non dovrebbe neanche dichiarare le transazioni dato che nessuno detiene il book degli ordini da dove deriva la tassazione e possibili guadagni, eliminando anche di conseguenza il kyc degli utenti
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ogni utente poi dovrebbe dichiarare in autonomia i suoi movimenti se supera un tot. ... questo è quello che dice la nuova direttiva
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Our fully decentralized exchanges is 100% P2P We don’t follow the ruleshttps://twitter.com/paoloardoino/status/1205790060026699777 …
Got many questions lately about DEXes and regulations. I believe that if there is an entity that is earning trading fees then you have to follow same rules of CEXes. No way around. P2P exchanges are the cyberpunk alternative in my opinion. P2P as in#LightningNetwork P2PThanks. Twitter will use this to make your timeline better. UndoUndo
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Seems like DeFi need clarfication between What it really is and how it operates, and What people wish and hope it was.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Yep. Can’t have an entity with *any* control. Pure p2p is the only way to go but you do take a hit on UX without a coordinator. I don’t think this is actually a problem though. You necessarily trade off some UX for full decentralisation.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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