Global regulators fire warning shot that they’re about to kneecap DeFi
ETS’s Sassan Danesh discusses FSB’s influence on adoption of standards globally
The US is cracking down on crypto. But globally, there are signs regulators are following suit as governments look to regulate software developers as a proxy for decentralised finance, or DeFi. That’s according to John Salmon, a partner at Hogan Lovells and co-chair of a working group within Global Digital Finance, which advocates for digital assets. The fears come amid a report yesterday from the Financial Stability Board, an international body which said DeFi amplifies risk in the financial system.
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