Uniswap, an Ethereum-based protocol, has restricted access to a group of tokens through its web application app.uniswap.org. According to a blog announcement, the project made the decision as the regulatory landscape evolves. The Uniswap developers claim the restricted tokens "have always represented a very small portion of overall volume" on the platform.
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"[...] this action has no impact on the Uniswap Interface code, which remains open source, or the many other portals or locally run instances used to access the Uniswap Protocol," the announcement says.
The move comes amid regulatory scrutiny from financial regulators all around the globe. As iHodl reported, the Securities and Exchange Commission of Thailand (SEC) tightened the regulation of the decentralized finance (DeFi) sector. According to the watchdog, all activity related to DeFi, especially projects issuing tokens, are required to obtain a license from the regulator.
Notably, the announcement by the country's financial watchdog comes shortly after the native token of the Thai DeFi project Tuktuk Finance saw some abrupt price movements, soaring as high as several hundred dollars and then plunging as low as $1.
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