Uniswap Labs restricted trading of 129 tokens through its interface

The company behind the leading decentralized exchange, Uniswap Labs, has halted trading of 129 tokens in its interface due to “regulatory landscape development”.

As of today, we have started restricting access to a small number of tokens at https://t.co/liqYXtQoM2

These changes pertain to the interface at https://t.co/liqYXtQoM2 — the Protocol remains entirely autonomous, immutable, and permissionless.

Read more:https://t.co/60swtFXbsE

— Uniswap Labs 🦄 (@Uniswap) July 23, 2021

“In line with measures taken by other DeFi interfaces, we have decided to restrict access to certain tokens,” the statement said.

Uniswap Labs noted that the protocol, unlike the interface, is a set of autonomous, decentralized and immutable smart contracts.

“It provides unrestricted access to anyone with an internet connection,” the company added.

Among the tokens whose trading has been halted by Uniswap Labs are tokenized shares of Tesla, Google and Microsoft, as well as derivatives of digital assets and national currencies.

On July 21, Gary Gensler, head of the U.S. Securities and Exchange Commission (SEC), warned creators of stock-token shares about the need to report to the SEC. From November, issuers of such swaps will be required to comply with additional requirements.

Earlier, the bitcoin exchange Binance announced that it would discontinue support for tokenized shares from 14 October 2021.

Read ForkLog’s bitcoin news in our Telegram — cryptocurrency news, prices and analytics.