$XRP 💲RIPPLE PREDICTS BIGGEST 2024🤔 BREAKTHROUGH FOR DECENTRALIZED FINANCE 🌐
✨ In a recent insights report, #Ripple identifies compliance as potentially the most significant development for decentralized finance (DeFi) in 2024. During a recent public-private roundtable with regulators and industry representatives co-hosted by Ripple and #TRMLabs
🔗Participants suggested that DeFi may benefit from a common definition increased data exchange across regulatory regimes and embedded compliance protocols through smart contracts. According to Ripple major regulatory organizations have already started having preliminary discussions about DeFi✍️
📝 Including the Monetary Authority of Singapore 🏦MAS and the International Organization of Securities Commissions
🛡️IOSCO Jurisdictions lacking cryptocurrency regulatory frameworks, such as the U.S, are making headway📍
✍️ This auspicious start, according to Ripple President Monica Long, is one of the reasons why pioneering compliance for DeFi might be the greatest breakthrough of 2024, extending blockchain applications in finance 🪙
