“There’s a widespread false impression that DeFi is really decentralized and ruled by autonomous code or good contracts,” Tuang Lee Lim, Chair of IOSCO’s Board-Degree Fintech Activity Power, mentioned in an announcement. “In actuality, whatever the working mannequin of the DeFi association, ‘accountable individuals’ could be recognized.”
DeFi Ought to Be Regulated Like Conventional Finance Gamers, World Securities Physique Says
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