Global financial regulators have released new guidelines for decentralized finance platforms, aiming to increase consumer protection and reduce risks. The guidelines focus on KYC (Know Your Customer), anti-money laundering (AML) compliance, and protocol audits. While some in the crypto community see this as a threat to DeFi’s open nature, others believe it’s a step toward mainstream adoption.
Highlights:
- Mandatory KYC for all DeFi platforms operating in regulated jurisdictions
- Periodic audits for smart contracts
- Enhanced risk disclosures for DeFi users
What’s Next? The impact of these regulations will unfold in the coming months, with some projects expected to move toward decentralized governance to avoid regulatory scrutiny.