Uniswap Labs, the developer of decentralized exchange Uniswap, has started to impose a front-end level access block on some digital wallet addresses found to be involved in illegal activities.
Uniswap Labs started to work with TRM Labs, one of the analysis firms of the blockchain industry, to implement this new application.
TRM Labs, in cooperation with Uniswap, detects digital wallet addresses that have been involved in illegal activities. These activities sanctions violation, terrorism financing, hacking attacks, human trafficking and child abuse It includes things like
It is not yet known exactly how many digital wallet addresses Uniswap Labs has blocked since it started working with TRM Labs.
According to the information on the website of Uniswap Labs, “to prevent people involved in illegal activities from using the (Uniswap) app” has such a policy and this new application has been implemented in line with this policy.
Uniswap Labs at this time “to develop products that provide a secure, transparent and strong financial infrastructure” announced that it will continue.
This restriction to the Uniswap application only works at the front-end level. This is still decentralized Since it is a protocol, there are different ways to access the application.