Centralization of DeFi. For some years, the decentralized finance has made it possible, via blockchain networks, to revolutionize the traditional financial sector. The latter, aging, is stuffed middlemenand is therefore very slow and expensive for any transaction.
In a press release published on June 19, 2023, the Autorité des marchés financiers (AMF) in France announces a “discussion” on DeFi, for a new additional regulation impacting the sector. Unfortunately, the AMF’s view is to inflict on this innovative new blockchain finance… exactly the same rules than for traditional finance, which makes the latter precisely so slow and costly!
“The AMF supports a progressive and proportionate approach, respecting the principle “same activity, same risk, same regulations”, in the definition and implementation of a regulatory framework adapted to DeFi. »
All stakeholders are invited to make their contribution to this discussion launched by the AMF before September 30 2023. Let’s hope that the cryptosphere will succeed in explaining to the AMF that enforcing the same incredible heaviness of compliance to DeFi than to traditional finance will mean sa mort pure and simple (in France, at least).
Need a secure wallet to explore the multiple applications of DeFi? the best solution is still a personal hardware wallet. At Ledger, there is something for all profiles and all cryptos. Do not wait to put your capital in safety (commercial link)!
Get real time update about this post categories directly on your device, subscribe now.