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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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Event ends: August 9, 16:00 UTC
More details: https://www
CLARITY Act Update: Unhosted Developers Protected, Hosted Financial Institutions Still Under Strict Regulation
The DeFi Education Fund disclosed that the Blockchain Regulatory Certainty Act (BRCA) has been included in the latest version of the CLARITY Act. This is an important step in protecting non-custodial, peer-to-peer technology developers while also maintaining strong regulation over custodial financial institutions. The revised bill reflects a prudent balance - based on the guidance issued by FinCEN in 2019, it clearly states that when developers and infrastructure providers do not control customer funds, they should not be regulated as money transmitters.