🚀DeFi enthusiasts, rejoice! The World Federation of Exchanges (WFE) sees potential in crypto-asset trading platforms (CTPs) to contribute to the economy & society! But wait, there's a catch: they need regulation to enhance appeal & legitimacy.👮♂️
WFE suggests segregating functions within CTPs to prevent conflicts of interest, and regulating DeFi at the DApp level, not the protocol level. They also commend FATF's efforts to extend KYC regulations to the crypto sector.🔐
So, do you think regulation will help or hinder DeFi's growth? Share your thoughts below!👇 And remember, we're all in this wild crypto ride together!🎢 #DeFi #Crypto #Regulation
WFE suggests segregating functions within CTPs to prevent conflicts of interest, and regulating DeFi at the DApp level, not the protocol level. They also commend FATF's efforts to extend KYC regulations to the crypto sector.🔐
So, do you think regulation will help or hinder DeFi's growth? Share your thoughts below!👇 And remember, we're all in this wild crypto ride together!🎢 #DeFi #Crypto #Regulation