The World Federation of Exchanges (WFE) has highlighted the potential of cryptoasset trading platforms (CTP) to contribute to the broader economy and society. In a report published on September 28, WFE noted that regulations are needed to improve the reputation and appeal of these platforms. WFE recommended separation of functions to prevent CTPs from conflicts of interest. WFE also raised concerns about the integration of distributed ledger technology (DLT) into traditional financial exchanges. WFE has proposed regulations at the DApps level regarding the regulation of DeFi and has supported raising KYC regulations and market standards in the crypto sector.