The post Decentralization a spectrum, regulation a necessity: Responses to France’s DeFi discussion paper appeared first on CoinGeek.
The AMF noted that respondents seemed to agree on a couple of key points related to the definition of DeFi: first, that defining the concept would be essential in order to set the boundaries of a regulatory framework, and second, that levels of decentralization can vary from one project to another and should thus be considered along a sliding scale, or ‘spectrum,’ of decentralization.
The AMF rounded off by reiterating that “as indicated in the discussion paper, the next few years will prove to be crucial for DeFi, with a dual challenge: building secure and transparent mechanisms that enable the ecosystem to thrive, while ensuring better protection for investors.New to blockchain?
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