The European Securities and Markets Authority (ESMA) has stated that the decentralized finance ecosystem is currently too small to pose a real threat to financial stability. However, they have released a paper calling for regulators to understand and monitor the complexity of decentralized finance (DeFi). The International Monetary Fund and the Financial Stability Board have also advocated for comprehensive supervisory oversight of cryptocurrencies instead of a blanket ban. The ESMA's recommendations highlight the need for regulators to stay informed and proactive in the rapidly evolving crypto landscape.
The IMF-FSB Synthesis Paper advocates for the comprehensive supervisory oversight of crypto instead of a blanket ban https://t.co/p0e1igEndq
The European Securities and Markets Authority released a paper "Decentralisation Finance: A Categorisation of Smart Contracts", pointing out that although the MiCA that will take effect does not directly supervise DeFi, regulators need to understand and monitor the complexity,… https://t.co/nPdsYku5un
The European Securities and Markets Authority released a paper "Decentralisation Finance: A Categorisation of Smart Contracts", pointing out that although the MiCA that will take effect does not directly supervise DeFi, regulators need to understand and monitor the complexity,… https://t.co/P02WwihjpB
The decentralized finance ecosystem is currently too small to pose a real threat to financial stability, according to the European Securities and Markets Authority (ESMA). https://t.co/mm9xL08FRi
The European Securities and Markets Authority (ESMA) has published a research paper on decentralized finance (defi) https://t.co/kDEnYkuZDi
A new report from the EU's @ESMAComms warns that there's "serious risks" in Decentralized Finance due to the highly speculative nature of many DeFi arrangements. However, it also sees potential for innovation. @jackschickler reports. https://t.co/geEMhdRBH1