DEX, Explained By Cointelegraph

The main issue when talking about regulation of DEXs is that, in most cases, such exchanges are not controlled by a specific legal entity or individual.

Since DEXs are not required to follow regulations, this results in problems with the determination of those responsible in the event of any violation, difficulties with checking trading activity or identifying possible infringements. For the same reason, some already existing rules applicable to centralized exchanges cannot be applied to decentralized exchanges.

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