Founder of MakerDAO: "Clear rules are needed to regulate the DeFi industry" – Bits Media

The founder of Makerdao Rune Christensen called to develop clear rules for regulating decentralized finance (DeFi). This is necessary for a wider integration of Defi with the financial sector.

About this, General Director of MakerDao Rune Kristensen (Rune Christensen) declared on International Conference, organized by the World Economic Forum (WEF). The summit discussed issues, related to the development of the decentralized finance industry.

Kristensen thinks, that you need to work out specific regulatory provisions for Defi protocols, used in trade financing, commercial real estate and other areas of activity. He explained, that today the industry Defi has already reached great heights and is now radically different from that, What was "in its original form". Considering, that decentralized finances can effectively interact with the real world, Defi projects must comply with all the necessary rules and laws.

Germany and Switzerland have already created a legal framework, according to which tokenized securities are subordinate to the same regulatory requirements, that traditional investment tools. At the same time, Kristensen recognized, that the involvement of regulatory bodies can greatly slow down the output of Defi into the real finance market.

Minister of Economics and Innovation of Lithuania Aushrin Armonite (Aušrinė Armonaitė) also expressed an opinion on the regulation of decentralized finance. Armonite thinks, that when working with such advanced financial technologies, regulators should not tighten their control, but vice versa, It is necessary to focus on creating conditions for their development.

According to the minister, State institutions must be aware of the uniqueness of Defi space "even outside the fintech". Armonite offered to regulatory authorities to start a constructive dialogue with interested participants in the Defi industry to find a compromise. It is necessary to develop regulatory provisions, which not only provide protection of investors, but they will not impede financial innovations.

Recall, that last month, a group of development of financial measures to combat money laundering (FATF) I updated the recommendations, Clarifying the definitions of decentralized exchanges, non -replaced tokens (NFT) и DeFi. This may indicate Fatf's increased attention to Defi platforms.