Key Elements of an Effective DeFi Framework

This paper provides an overview of DeFi, proposes a new regulatory mantra and provides corresponding policy recommendations for regulators.

This paper provides an overview of Decentralized Finance, including the promise and risks that it brings, and the regulatory challenges it poses. It proposes a new regulatory mantra for DeFi that differs from the principles for traditional finance, and corresponding policy recommendations that give regulators and builders a path forward to bring clarity for this fast growing industry.