EU Commission report suggests rethink of regulatory approach to DeFi
The report highlights the DeFi’s potential for lower financial audit costs and substantial opportunities for financial integration across borders
Analysts from the European Commission showed an unexpected understanding of how decentralized finances (DeFi) actually function, having defined it as something different from the traditional financial system and acknowledged that it would require rethinking the approach to regulation.
On Monday, May 2, a crypto venture advisor at Presight Capital and a long-term expert on European regulation, Patrick Hansen shared some important details from the EU Commission's “European Financial Stability and Integration Review 2022”. A report, dated April 7, contains a 12-page chapter on DeFi, in which the authors demonstrate a sensible approach to the topic.
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