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CoinGape
2024-04-01 23:40:55

Decentralized Exchange dYdX Relocates to Avoid US Regulators

Decentralized Exchange dYdX Relocates to Avoid US Regulators

The decentralized exchange dYdX has announced its plans to restructure operations by setting up a legal entity in the Cayman Islands. This legislation coincides with the rising regulatory scrutiny by U.S. authorities towards DeFi protocols. Community-Backed Restructuring Plan The move to transfer some of the dYdX operations to the Cayman Islands was approved through a The post Decentralized Exchange dYdX Relocates to Avoid US Regulators appeared first on CoinGape .

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