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