By Joseph Branch in Economics News —

Coinbase: DEX cannot be regulated like CEX

Coinbase: DEX cannot be regulated like CEX
Photo by PiggyBank / Unsplash

Coinbase Exchange sent a letter  to the SEC explaining that decentralized exchanges cannot be regulated the same way as centralized exchanges.

"Decentralized systems do exist and do not have a single entity to enforce compliance," Coinbase Chief Legal Officer Paul Gravel said.