LONDON - 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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Global business activity showed signs of slowdown in August -PMIsGlobal business activity largely slowed further last month as services firms struggled in the face of weak demand as rising prices and borrowing costs made indebted consumer rein in spending, a raft of surveys showed on Tuesday. In Britain, outside the European Union, its survey showed the sharpest business slowdown in seven months. Asia's surveys for August were also more downbeat with China's services activity expanding at the slowest pace in eight months as weak demand continued to dog the world's second-largest economy while in India growth lost some steam.
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