While some worried the recommendations in the IOSCO report could “kill” DeFi, Apollo Crypto’s Matthew Harcourt says it poses no “existential risk” to decentralized finance.
A series of privacy-busting policy recommendations from the International Organization of Securities Commissions (IOSCO) shouldn’t be seen as a death knell for decentralized finance (DeFi), argues Apollo Crypto analyst Matthew Harcourt.
In a Dec. 19 report, IOSCO wrote that DeFi posed a unique challenge to regulators due to the often anonymous and decentralized nature and made nine recommendations around regulating the sector, including exposing “responsible persons” and holding it to the same rules as traditional financial markets.
The report caused some to sound the alarm over the future of DeFi, such as Trading Protocol co-founder Mikko Ohtamaa, who described the document as a “final report on how to kill #DeFi.”
