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 US$180 billion in late 2021 to about US$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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UN chief says global finance system fragmenting; Myanmar crisis worsensUN Secretary-General Antonio Guterres called for a mechanism to provide relief for debt-strapped developing economies. Read more at straitstimes.com.
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