Hello everyone, Two new DeFi reports came out last week: The US Treasury looked at DeFi and illicit activity in a 42-page report, identifying gaps for anti-money laundering (AML) rules. “DeFi service that functions as a financial institution as defined by the [Bank Secrecy Act], regardless of whether the service is centralized of decentralized, will be required to comply with BSA obligations, including AML/CFT obligations”. This suggests other DeFi services should be outside the BSA’s scope.