Article: What is the truth behind the decentralized finance hype?

Blockchain, Crypto, Decentralized Internet

What is the truth behind the decentralized finance hype?What is the truth behind the decentralized finance hype?

Despite still being in the early days of DeFi, Lithuanian policymakers are already creating a regulatory framework for this technology, Armonaitė said. “We are at the final stages of the establishment of the anti-money laundering competence center here in Lithuania.”

The Lithuanian government is hoping to facilitate better public and private cooperation and information sharing, as well as coordinate technology adoption and implementation. “Hopefully that kind of framework where governmental and private institutions come together and work together towards a better regulation [that] would enhance change and appreciate the creative destruction we are facing, rather than defending ourselves from it,” Armonaitė said.

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Article: DeFi needs regulatory clarity to interface with ‘real-world’ finance, experts say

Blockchain, Decentralized Internet

DeFi needs regulatory clarity to interface with 'real-world' finance, experts  sayDeFi needs regulatory clarity to interface with ‘real-world’ finance, experts say

DeFi regulations are increasingly becoming a topic of conversation among many stakeholders, with regulatory agencies reportedly looking toward policing the growing ecosystem.

Back in March, the Financial Action Task Force published an updated version of its draft guidelines for cryptos with significant implications for the DeFi space. The document likely signals the growing intent among regulators to implement Know Your Customer compliance protocols for DeFi platforms.

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