“There is a common misconception that DeFi is truly decentralized and governed by autonomous code or smart contracts,” Tuang Lee Lim, Chair of IOSCO’s Board-Level Fintech Task Force, said in a statement. “In reality, regardless of the operating model of the DeFi arrangement, ‘responsible persons’ can be identified.”
Related posts
-
Stripe, Circle Bring USDC Stablecoin Services to Aptos to Boost Global Payments
“Adding support for the Aptos blockchain inside our crypto products broadens consumer and merchant access to... -
DIGITAL NEWS PLATFORM MONIIFY TO DELIVER BUSINESS AND FINANCE CONTENT FOR MILLENNIALS AND GEN-Z IN EMERGING MARKETS
Founded by serial entrepreneur Naguib Sawiris, MONIIFY aims to empower the next generation of entrepreneurs and... -
Pro-crypto Legislation Could Usher in Renaissance for DeFi as TVL Rises 31%
Historically, institutions have hesitated to move on-chain due to regulatory risks. However, with bitcoin ETF AUM...