Investors are back in Bitcoin, but DEXs are still the future of crypto

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Bitcoin’s long-awaited uptrend and the recent wave of corporate and institutional investors allocating a significant portion of their reserves to Bitcoin (BTC) are signs that the pace of crypto mainstreaming is accelerating rapidly: however, the road to mass adoption is on at the expense of privacy and decentralization?

Know your customers and anti-money laundering laws have forced the majority of cryptocurrency exchanges to be more transparent about who their users are, and those who refused have had to restrict the jurisdictions in which they can offer services.

In order to operate legally in many countries, many exchanges had no choice but to adhere to strict AML procedures, and aside from Monero (XMR), swaths of privacy coins have been stripped from most major exchanges.

Recently, regulators have started cracking the whip and jurisdictions around the world continue to push further measures to ensure that investors disclose their crypto holdings and pay taxes on their profits.

And it all happens when the US Department of Justice arrested the BitMEX co-founder and the CFTC accused its owners of conducting an illegal exchange of crypto derivatives.

About a week later, the Financial Conduct Authority, the UK’s leading regulator, went so far as to ban investors from trading derivatives on all crypto exchanges.

All of these maneuvers are aimed at enforcing compliance from crypto service providers, and although they can ultimately help promote mass adoption, many crypto ideologists are looking for alternatives to enforce their arguments for financial self-sovereignty.