Coinbase Executive Warns EU DeFi Proposals May Push Users to Riskier Platforms
(2 hours ago) · 1 source · Summarized by CryptoBipto
A Coinbase executive has warned that proposed European Union regulations targeting decentralized finance (DeFi) could have unintended consequences by driving users toward less regulated and potentially riskier platforms. The executive argued that overly strict rules may not eliminate risk but instead shift activity outside the reach of regulators.
WHY IT MATTERS
DeFi, or decentralized finance, refers to financial services built on blockchain technology that operate without traditional intermediaries like banks.
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SOURCES
- cointelegraph.com
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