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Tuesday

22 June 2021

World Economic Forum Seeks to Offer Clear Policy Landscape For DeFi

World Economic Forum Seeks to Offer Clear Policy Landscape For DeFi


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On Tuesday, the World Economic Forum (WEF) published its policy toolkit for Decentralized Finance (DeFi).

Dubbed the Decentralized Finance (DeFi) Policy-Maker Toolkit, the release aims to offer policymakers useful guidance to help them navigate the swiftly evolving sector.

Most policymakers agree that DeFi is ushering in a generational expansion of financial opportunity but are wary of certain dangers such as scams and smart contract breaches. 

Michael Mosier, Acting Director of FinCEN, echoed Warren’s views, adding that the toolkit would provide policymakers with a clear and comprehensive picture of the DeFi world, enabling them to “make the most of truly innovative opportunities for financial expansion and novel risk mitigation.”

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