From Cointelegraph
April 30, 2025 6:30 pm:

The crypto industry has evolved towards regulatory compliance, with Elliptic co-founder James Smith noting a shift in priorities. Traditional financial institutions like Fidelity and DBS Bank entering the space with established compliance expectations have contributed to this change. Exchanges globally now prioritize compliance to be part of the global ecosystem.

Crypto exchanges and peer-to-peer protocols are key targets for compliance, seen as choke points for Anti-Money Laundering controls. The recent Bybit hack, involving the Lazarus Group, showcased a sophisticated money laundering scheme. The hackers exchanged low-liquidity tokens for Ether and then Bitcoin through no-KYC decentralized exchanges, highlighting vulnerabilities in the industry.

Read more at Cointelegraph: ‘Huge Shift’ in crypto firms’ compliance mindset, says Elliptic co-founder