According to Foresight News, the French Financial Markets Authority (AMF) stated in a DeFi discussion report that DeFi is currently in its early stages of development. On the one hand, it can promote innovation, but on the other hand, it also brings risks to participants and greater challenges to regulators. The next few years may be a critical period for the DeFi industry.
In France, the Autorité de Prudential et Regulation (ACPR) has already made some recommendations on DeFi regulation and has submitted a consultation. At the EU level, the European Commission will have to assess developments related to DeFi in crypto-asset markets and evaluate the need for a regulatory treatment of DeFi systems after the entry into force of the Markets in Crypto-Assets (MiCA) Regulation. The work carried out by international institutions and organizations such as IOSCO and the FSB will also further clarify the guidance or recommendations to jurisdictions on the regulatory treatment of DeFi. The AMF fully supports these initiatives and intends to increase its engagement with public and private stakeholders with a view to forming a balanced regulatory framework that will help support the healthy development of DeFi in the long run.
