DeFi needs regulatory clarity to interface with ‘real-world’ finance, experts...
Decentralized finance protocols and regulatory agencies need to figure out DeFi regulations to enable the niche crypto market to integrate with real-world finance. Rune Christensen, co-founder of DeFi bluechip MakerDAO, says the decentralized finance space is set to move from its current isolated bubble phase towards more integration with the broader financial landscape.Christensen made this known during Tuesday’s plenary session “Behind the Decentralized Finance Hype” at the ongoing Global Technology Governance Summit organized by the World Economic Forum.According to the MakerDAO chief,....
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Here’s what decentralized finance experts think about either Ethereum or Bitcoin as the future of DeFi. Decentralized finance is one of the most promising and indeed the fastest growing ecosystems within the crypto and blockchain space. Total value locked in DeFi — a measure of the total value of assets committed to the DeFi ecosystem — has been approaching the $40-billion mark this month, which indicates a value increase of around 200 times since February 2019. And 2021 has just started, promising some major developments for the DeFi space. Related: Was 2020 a ‘DeFi year,’ and what is....
Regulatory involvement in crypto is an indication of the industry’s maturity and longevity, encouraging bright ideas, minds and money to enter the space. The feeling in the crypto and decentralized finance space has been shifting and evolving. The industry is also becoming more scrutinized and, inevitably, more organized. Some weeks ago, United States President Joe Biden signed an Executive Order to expedite and focus regulatory oversight of the $3-trillion industry. The order will spur the government to examine the risks and benefits of cryptocurrencies, with a particular focus on....
Grayscale Investments is set to float a fund targeting blue-chip assets in the decentralized finance space. Michael Sonnenshein, CEO of digital asset management giant Grayscale, has announced a new investment vehicle for the firm targeted at decentralized finance (DeFi) assets.Sonnenshein announced Grayscale’s planned DeFi Fund and Index during an appearance on CNBC’s Squawk Box. Detailing the purpose of the new product, the Grayscale CEO said the fund would offer exposure to DeFi assets, such as Uniswap (UNI) and Aave, for its institutional clients.According to the Grayscale chief, the....
Federal Reserve Chairman Jerome Powell says decentralized finance (defi) has “very significant structural issues,” emphasizing a “real need” for more appropriate regulation of the defi ecosystem. Fed Chair Jerome Powell on Defi Regulation Federal Reserve Chairman Jerome Powell talked about the regulation of decentralized finance (defi) Tuesday during a panel discussion on digital finance hosted by Banque of France. “The monetary policy normalization that we’re seeing all over the world,” Powell began. “All it did was simply reveal....
Synthetic tokens and tokenized stocks have made it onto Uniswap Labs’ black list as regulatory concerns mount. The world’s leading decentralized exchange, Uniswap, has announced the delisting of a number of tokens from its app interface.Uniswap Labs made the announcement on July 23, emphasizing that the tokens had been removed from the app interface only, and that the protocol remains immutable:“These changes pertain to the interface at app.uniswap.org — the Protocol remains entirely autonomous, immutable, and permissionless.”The company Uniswap Labs is the software developer that has....