WEF recommends testing DeFi in sandboxes
🌐 WEF calls on global regulators and regulators to test DeFi in sandboxes to reduce risks and increase transparency.
- Assessing 9 major economies, WEF stresses the need for a separate approach for the DeFi ecosystem.
- Sandboxes help control risks and promote innovation in a safe environment.
- Only 9% of regions apply existing financial regulations to digital assets.
- The UK, Hong Kong and Singapore are developing legal frameworks for stablecoins.
- About 33% of regions do not have or are not working on a legal framework.
WEF recommends cooperation between regulators and DeFi platforms to ensure continuous risk communication and promote progress.
What do you think about testing DeFi in sandboxes? Share your thoughts! 💬
#Crypto#DeFi#Blockchain#WEF#Sandbox#Stablecoin