CipherTrace, a leading crypto intelligence company has launched its new compliance solution CipherTrace DeFi Compli that helps decentralized exchanges (DEXs) and DeFi applications to abide by the rules and regulations of the Office of Foreign Assets Control (OFAC).
This is a big step towards bringing legitimacy to the fastly evolving DeFi space. The CipherTrace DeFi Compli is basically an Oracle service on the Chainlink blockchain network that makes all the relevant data available easily and directly on-chain for easy and quick integration with the existing DeFi frameworks.
The regulatory compliance measures in the DeFi space are tightening up further as nearly 50% of the crypto hacks last year happened in DeFi and DEXs. Besides, industry reports suggest that funds stolen from centralized exchanges are further laundered through decentralized finance (DeFi) protocols. CipherTrace CEO Dave Jevans said:
“The $40B locked in DeFi protocols puts an even bigger target on DeFi exchanges and

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Źródło: https://coingape.com/ciphertrace-introduces-compliance-solutions-for-dex-and-defi-protocol-using-chainlink-network/