- The World Economic Forum published a whitepaper to explain decentralized finance
- The document aims to explain DeFi for regulators to have a broader perspective
- WEF notes that DeFi has potential risks and potentially significant developments
The World Economic Forum recently published a whitepaper to give a comprehensive explanation of decentralized finance. The document aims to give regulators an opportunity to have a deeper understanding of DeFi.
Despite not having specific recommendations, the document gave an overview of what regulators need to know to approach how DeFi changes the market.
According to the Decentralized Policy-Making Toolkit, decentralized finance (DeFi) is an emerging and rapidly evolving area in the blockchain environment. The whitepaper also stated that,
DeF...This article was first published on coinquora.com