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Is Voluntary Regulation the Right Approach to DeFi?

The Breakdown

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Taking on DeFi Through Voluntary Registrations

A report will contribute to the EU policy debate on the topic that is expected to lead a DeFi report or even legislation in 2023. South Africa has declared crypto assets to be a financial product according to an official notice from the country's Financial Sector Conduct Authority. The change comes into effect immediately and aligns with the South African Central Bank's EU that cryptocurrency should be treated in the same way as other financial assets. In Japan, the Japan Crypto Assets Association JVCEA looking to get rid of a lengthy screening process which currently precedes listing of tokens on domestic exchanges.

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