The report provides a snapshot of the current quarter’s crypto activity and can be read by anyone interested in or actively participating in the crypto space.
This report looks at the trends, current events, hacks, thefts, exploits, and global regulatory developments in the third quarter of 2022. And uniquely focuses on dark markets and crosschain bridges.
DeFi, short for Decentralized Finance, purports to remove financial institutions or other centralized third-party institutions from a financial General services, including non-profits, forums and news sit... More platform. The financial products, services, and instruments are implemented in code via A smart contract is a computer protocol intended to digitall... More and are made up of independent parts that are brought together without the use of traditional intermediaries like banks. DeFi structures may resemble existing financial lending structures in nature, and take on the functions and characteristics of regulated activities, including operating as a broker dealer, lending funds, earning interest, and offering securities. DeFi protocols are usually cross-border in nature and permissionless by design, while many DeFi aspects may currently fall outside the regulatory perimeter or may lack clear compliance requirements (i.e., DeFi protocols usually have little or no KYC).
Anti-Money Laundering (AML) rules are in place to help prote... More rules are in place to help protect against and report suspicious activity regarding financial transactions, including cryptocurrencies. These rules mainly focus on those actions which predicate money laundering, terrorist funding, market manipulation, and securities fraud.