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no one’s talking about this: US Treasury eyeing digital IDs in DEFI to tackle crypto crime?! 🤯🔒💰WARN
wait so now the US Treasury wants to put our digital identities into DEFI contracts?! 🤡🚨 what’s next, a KYC
us treasury exploring digital id in deffi to combat illicit finance: potential integration of identity verification in defi contracts aims to boost compliance, confidentiality, and
The US Treasury seeks input on using digital identity tools to combat illicit finance in cryptographic markets. This includes integrating identity checks into decentralized financing contracts (DEFI). The consultation is a response to the Genius Act, which mandates exploring new compliance tech like APIs, AI, digital identity verification, and blockchain monitoring. They aim to reduce compliance costs, enhance confidentiality, and improve detection of illegal activities. Public comments are open until October 17, 2025. US banks warn against loopholes in stablecoin regulations.
Us Treasury considers digital identification in deffi to slow down the illegal finance
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