China’s central bank urged regulators across jurisdictions to regulate decentralized finance jointly.
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
The International Organization of Securities Commissions (IOSCO) released a set of policy recommendations for the DeFi space this week. Following its release, some community members worried about how it could “kill” DeFi, while others said it would not have a fatal effect. Apart from IOSCO’s move, China’s central bank also urged jurisdictions across the globe to regulate the DeFi space jointly.
Meanwhile, the DeFi ecosystem flourished in the past week thanks to ongoing bullish market momentum, with most tokens trading in green on the weekly charts.
