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2 Lawyers on How the U.S. Can Finally Regulate DeFi - Ep. 604

Unchained

CHAPTER

Navigating DeFi Regulation Challenges

This chapter explores the complexities of regulating decentralized finance (DeFi) within traditional financial frameworks, highlighting the challenges regulators face in addressing anti-money laundering laws. It discusses the implications of the Bank Secrecy Act on DeFi and outlines key risks such as cyber risk and system management risk associated with illicit financial activities. Additionally, the chapter delves into governance within DeFi, emphasizing the importance of independent control and the distinct nature of decentralized systems compared to traditional finance.

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