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The rapidly evolving decentralized financial industry could lead to a riot.

Decentralized Finance, or “DeFi“It is generally said that the first trend to attract in 2020 is the trend of cryptocurrencies.

Is called “Wild West“of crypto – a collection of computer programmers trying to bring traditional financial products such as credit to blockchain.

The idea seems promising. Theoretically, anyone could borrow and borrow digital money at competitive interest rates without the participation of any middle-aged men. Investors are attracted by the prospect of saving up to a two-digit percentage on certain digital tokens.

But in Major hijackings And Frauds Concerned neo-hippies and their global warming, i’ll tell ya.

“I think they will pay more attention to the site,” Sid Powell, co-founder of the Defa Credit Forum Maple Finance, told CNBC.

Nearly $ 90 billion has been saved EthereumBased on DeFi protocols so far Block.

“It is unlikely that you will have a significant development of DeFi that does not need to meet future regulations,” Paul said.

Supervisors have already begun to take a strong approach to the crypto industry.

Various countries have tried to launch Binance, the world’s largest digital currency exchange, without their permission. Although it does not have an official headquarters, Binance has so far been able to avoid an investigation – although the company now says it wants to be a friend, not an enemy.

Meanwhile, Coinbase joined one in September A heated war of words In the case of interest-bearing savings with the US Securities and Exchange Commission, the regulator looks very safe. After Coinbase He discontinued plans to start the feature.

And just this week, a The long-awaited report He asked the US government to pass a regulation Stable coin, Digital assets are stuck on traditional currencies such as the dollar to maintain a stable value.

Now, DeFi seems to be online next.

Earlier this year, the Wall Street Journal Reported Officials say the US Securities and Exchange Commission is investigating decentralized crypto exchange Uniswap.

“We are committed to complying with the laws and regulations that govern our industry and providing information to the regulators who will help us with any question,” a UNICEF spokesman who developed the service told CNN.

In September, U.S. Treasury Commissioner Michael Hussein He likened the DeFi movement to controversial practices. A.D. The financial crisis of 2008 on Wall Street.

“One of the biggest questions facing regulators right now is how it works with Defa,” David Carlyle, director of policy and control at Elliptic, a crypto analytics firm, told CNBC.

“How do you implement regulatory standards designed for centralized intermediaries in a few markets without clear centrality?”

According to Carlyle, one of the main concerns for regulators is that DeFi services will be decentralized when this does not happen. “We will look at some of the ways in which the founding teams and developers who developed the protocol can influence the management of the DIFF network.”

Last week, the International Anti-Money Laundering Task Force was released Improved guide On encrypted currencies. Part of the law requires countries to identify individuals who have “control or sufficient influence” on defensive programs.

This means that some founders of DeFi startups may be subject to rules that require them to provide information about beginners and users during the transfer.

“While DIFF protocols may provide similar functions in financial transactions, regulators do not provide any control needed to ensure safe and efficient financial markets,” former FFF Secretary General Rick McDonald told CNBC.

“Lack of effective surveillance poses a significant risk to fraud, money laundering, fraud and other crimes in these markets.”

It is too early to say what the supervisors will do in response.

“While it is possible to read the tea leaves on the potential for control measures, this response may include details. But some enforcement measures are already being taken,” said McDonald, now director general of the Certification Association. According to anti-money laundering specialists.

“Regulatory authorities have clarified two things: they support the potential benefits of blockchain technology to end users, but they are not ready to believe in the sector’s ability to manage financial and criminal risks.”

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