Uniswap took a big step on Friday and self-censored certain tokens from its platform. A large number of the censored tokens are “synthetic” tokens. Many of these synthetic tokens are “synthetic stocks”. Essentially, they mirror the exact price movements of stock prices. It is a roundabout way of trading stocks on the blockchain. Trading stocks requires securities trading approval and these blockchain platforms do not have that. Uniswap removed the tokens from their platform/UI because they fear regulatory crackdown for letting unregistered securities trade on their platform.
Uniswap Censors Itself
Uniswap Censors Itself
Uniswap Censors Itself
Uniswap took a big step on Friday and self-censored certain tokens from its platform. A large number of the censored tokens are “synthetic” tokens. Many of these synthetic tokens are “synthetic stocks”. Essentially, they mirror the exact price movements of stock prices. It is a roundabout way of trading stocks on the blockchain. Trading stocks requires securities trading approval and these blockchain platforms do not have that. Uniswap removed the tokens from their platform/UI because they fear regulatory crackdown for letting unregistered securities trade on their platform.