Regulatory Alerts2022-01-01
Discussion Paper No. 1 of 2022 - Policy Considerations for Decentralised Finance
The Financial Services Regulatory Authority of Abu Dhabi Global Market issued this discussion paper to solicit stakeholder feedback on regulating Decentralised Finance. The regulator asserts that DeFi activities constitute financial services subject to equivalent risk-based rules, requiring identified controllers and prohibiting anonymous participation to mitigate AML/CFT and stability risks. The document outlines a potential framework involving recognised protocols, governance token oversight, and designated controllers to ensure effective supervision of the sector.
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