The rise of DeFi improves financial inclusion and should be allowed to flourish in a regulated, and thus protected, environment.
Cryptocurrency brought us peer-to-peer payments that continue to elevate participation in the global economy for millions of people without access to traditional banking services. The rise of decentralized finance (DeFi) promises to further expand access to financial services, including savings, lending, derivatives, asset management and insurance products.This innovation, which empowers financial inclusion, should be allowed to flourish in a regulated environment where individuals and institutions are protected and suspicious activity is identified and reported. But how do you regulate these decentralized products without completely removing the core attributes of financial inclusion and decentralization?Know Your Customer (KYC) procedures are a critical function to assess risk and a legal require
Źródło: https://cointelegraph.com/news/defi-regulation-must-not-kill-the-values-behind-decentralization
