Uniswap will Restrict Access to Some Tokens

Uniswap Labs will restrict access to some tokens. Uniswap's decision was met with criticism in the market.

Uniswap Labs, the development firm behind decentralized cryptocurrency exchange Uniswap, announced in a statement that it will be restricting access to certain tokens in the protocol it supports. Uniswap Labs cited the evolving regulatory environment as the reason for its statement on the cuts. The news comes after scrutiny intensified, particularly on tokens that mimic offerings typically issued at an exchange level by the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission. Regarding the reasons for the access restriction, Uniswap Labs used the following statements: "In line with actions taken by other DeFi interfaces, we have made the decision to restrict access to certain tokens through app.uniswap.org. These tokens have always represented a very small fraction of the total volume in the Uniswap Protocol." The list published by Uniswap contains more than 100 tokens. These include tokenized stocks, options, and derivatives.