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27min chapter
Policy Series: How to Combat Illicit Finance Without Killing DeFi | Rebecca Rettig & Miller Whitehouse-Levine
Empire
Geopolitical Implications of Payment Networks and Defi Regulation
The chapter explores how countries creating their own payment networks to reduce reliance on US financial institutions, with China and Russia taking the lead, impacts geopolitics. It also delves into the regulatory concerns surrounding decentralized finance (Defi) and the need for a comprehensive framework balancing compliance and innovation.
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