The Banque de France has contributed to the dialogue on European regulation of crypto belongings by taking an in depth have a look at decentralized finance (DeFi) and potential approaches to its regulation. This dialogue is well timed as a result of growing use of tokenization in finance and the introduction of blockchain expertise in lots of financial sectors, the authors mentioned.
The doc, authored by members of the Fintech-Innovation Hub of the French Central Financial institution’s Prudential Management and Decision Authority, famous that the time period DeFi hides a spread of companies, applied sciences and dangers related to crypto belongings, they mentioned. These dangers can’t be adequately addressed with present rules:
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