Regulators begin to grapple with DeFi

On private video calls last week, some of the world’s fastest-growing cryptocurrency start-ups educated global financial regulators on a corner of the market that has largely evaded oversight: the booming world of decentralised finance.

Bitcoin is the most high-profile effort to bypass traditional financial systems but the so-called DeFi sector extends far beyond cryptocurrencies into insurance, derivatives trading and even savings accounts.
Bitcoin is the most high-profile effort to bypass traditional financial systems but the so-called DeFi sector extends far beyond cryptocurrencies into insurance, derivatives trading and even savings accounts.Foto: Angel Garcia/Bloomberg
Publisert 28. June 2021, kl. 22.03Oppdatert 28. June 2021, kl. 22.03