Global regulators seek to crack down on decentralised finance

LONDON, Sept 7 - Global securities regulators set out on Thursday their first blueprint to make participants in"decentralised finance" accountable for their actions and safeguard market stability.

Such events have seen DeFi shrink from about $180 billion in late 2021 to about $40 billion currently, and the sector is also being used for moneylaundering, IOSCO said. "In reality, regardless of the operating model of the DeFi arrangement, 'responsible persons' can be identified," Lim said.

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