Untitled

Analysis on FATF recommendations

Impact of KCY / AML Regulations on DeFI and Alternatives for MakerDAO

Purpose:

The Financial Action Task Force (FATF) is a Global Anti-money laundering agency. On 28.10.2021 they released updated guidelines for banks and financial firms that deal in cryptocurrency and digital assets. A thorough analysis will be published on the MakerDAO forum in the near future. This however is a signal that enforcement and legal regulations are coming.

The purpose of this proposed grant aims to find the best pathway forward for Maker and the DAO to be compliant, while not straying from the mission of Maker and decentralized finance.

This grant will allow MakerDAO to interface with industry professionals in traditional markets to research and address the following:


Budget:

Total Budget: 4,500 DAI

1,500 DAI / Monthly

Team:

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