Blockchain

Story: Ravencoin (RVN) KYC and AML Information a Basic KYC/AML Check or a Centralized Platform

By Maheen Hernandez

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Ravencoin (RVN) is decentralized and leaderless with no compliance or AML KYC tools built into the protocol.

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Mike Novogratz:  Starting to think that major DEFI protocols are going to have to decide if they are going to play by the rules that most countries want them to (KYC/AML),…

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I know I will take hell for this tweet. That said, my networks are good and I am hearing a growing chorus that officials are focused on this with increased intensity and it’s not…

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If we want this ecosystem to grow we need to recognize we need to operate within the rules society sets. I am not talking about doing this with no privacy.

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Community response was like:  Playing “by the rules” excludes entire populations. That’s not DeFi.

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Sure, works for big boys with big money but what about the millions of people without valid KYC and only access to the internet - they are not included?

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This was inevitably always going to be the case for DeFi. Therefore they will have to become CeFi. And the only true DeFi is going to be.

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Give unto the government that which is the government's (fiat). Give unto the people that which is the people's (crypto).

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I know that wealthy, accredited investors enjoy a well-regulated moat that provides more exclusive and less risky investment opportunities than what is available to the average…

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With Defi, users live by the rules of the program. For the network to be successful, it must attract as many as possible.

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