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 Paolo! Appreciate your insight.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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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