Canadian entrepreneur Brad Mills believes that users' hopes that DeFi will replace the traditional financial system are futile.
The entrepreneur said that blocking decentralized project clients would end badly.
In his statement, Mills released a screenshot of the 1inch exchange, informing that trading is restricted.
Sergey Maslennikov, who is the chief public relations specialist for 1inch, said that the site does have the ability to restrict access to certain addresses. Thus, the 1inch decentralized exchange prevents money laundering and terrorist financing.
After the Ethereum network switched to PoS, this increased level of censorship became a problem. The largest validators prohibit transactions from wallets that are under sanctions. Recently, Vitalik Buterin talked about how you can increase the resistance to censorship of validators.
