Fosun Group's Liang Xinjun: The non-regulatory space in a decentralized environment is gradually becoming constrained

ChainCatcher news, recently, Liang Xinjun, co-founder of Fosun Group, stated that the two leading projects in the decentralized field, Uniswap and MetaMask, have updated their privacy policies. Uniswap will collect users' publicly available on-chain and off-chain data to screen whether the wallet has any illegal activities. Meanwhile, MetaMask indicated that it will collect the corresponding IP address and ETH address when users send transactions.

In April this year, the European Parliament approved a draft regulation that clearly aims to regulate non-custodial wallets. The government knows it is difficult to enforce regulation on VASPs in a decentralized native environment, so it cleverly shifts the problem to exchanges with compliance requirements. In the future, users will be forced to accept address binding as long as they need liquidity from exchanges.

However, the government may feel that this approach is passive and lacks strength, especially with the catalytic effect of the FTX incident, prompting regulators to accelerate efficiency. How to do this? Tackle each issue individually. Now, Circle's USDC, Tether's USDT, etc., are gradually being regulated. Clearly, Uniswap and MetaMask are the next moves, and the non-regulatory space in the decentralized environment is becoming increasingly constrained.

Of course, from another perspective, embracing regulation and KYC also presents an explosive opportunity for user migration.