bottom line: there’s no clear reg requirement for kyc’ed defi rn. if there was, uni and aave would be doing it. they’re fighting the good fight. MiiCA is ~year to enforcement. when reg comes hopefully it will be aligned with progress in ZK. but vendors like this (and some) are creating fud
the tangible action to take right now is to make sure your dapp runs trm for ip/wallet screening et al and your smart contract doesn’t interact with a sanctioned wallet (using Chainalysis oracl/on-chain list)
I believe the data should be mildly corrupted and stored cold so that it can be requested with dispute upon subpoena. I still think this is the best system for all angles but have not reached my threshold of confidence to launch swish.id Curious why you say no dog in the fight now