What happened: The largest Ethereum-based (CRYPTO: ETH) decentralized cryptocurrency exchange has delisted several tokens ahead of anticipated regulatory scrutiny. Uniswap has removed Tether Gold and tokenized stocks from crypto derivatives platforms like Synthetix.
The move by Booklyn-based Uniswap Labs is in response to US laws preventing the company from selling certain investments.
Why it’s important: The delistings come after an international crackdown on Binance, the world’s largest crypto exchange, which had to suspend trading of its tokenized stocks after regulatory officials in the U.K, Hong Kong, Germany and Italy said they could constitute securities. Decrypt