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 – CeFi Convergence & ‘Explosive’ Growth Are Coming – BIS Summit Panel

Blockchain, Innovation

DeFi - CeFi Convergence & 'Explosive' Growth Are Coming - BIS Summit Panel 101DeFi – CeFi Convergence & ‘Explosive’ Growth Are Coming – BIS Summit Panel

Decentralized finance (DeFi) and centralized finance (CeFi) are heading towards convergence as we are entering a period of rapid development for DeFi applications worldwide, according to the participants of a panel discussion at this year’s BIS Innovation Summit, an event hosted by the Bank for International Settlements (BIS).

The panel, entitled ‘CeFi to DeFi: can global finance be de/re-constructed?’, featured a mix of private and public sector participants who voiced their ideas and concerns related to how the opportunities and risks inherent to DeFi could transform the global financial landscape.

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