Yet another case of CeFi parading around as DeFi, enabled by misaligned incentives and improper diligence.
There’s a difference between CeDeFi/Exchanges and FinTech
- FinTech platforms disclose the banks/Financial Institution they use along with proof of transaction (partly due to regulatory concerns)
- CeDeFi had no transparency about the protocol they are putting money or proof of reserves (as no regulatory requirements)
Agreed?
There’s a difference between CeDeFi/Exchanges and FinTech
- FinTech platforms disclose the banks/Financial Institution they use along with proof of transaction (partly due to regulatory concerns)
- CeDeFi had no transparency about the protocol they are putting money or proof of reserves (as no regulatory requirements)
Agreed?