Decentralized Finance: How regulators should consider the future of DeFi

The Future Rules | Forkast.News x Filecoin Foundation

In this episode, Sheila Warren, who began her career as a Wall Street attorney before turning to philanthropy and technology for nonprofits over a decade ago and who is now Head of Blockchain, Digital Assets, and Data Policy at the World Economic Forum, takes an expert jump into DeFi. She kicks off by explaining what DeFi is, then takes a look at the potential it offers for financial inclusion and delves into the rumblings of a showdown between decentralized finance and regulators, explaining how the WEF’s Policy-Maker Toolkit can help policymakers negotiate that tightrope and why we are all better off if “premature regulation” is avoided. If that’s not enough, there’s also a look at why demanding Bitcoin is one of the most foolish things a ransomware attacker can do, as well as what illicit activities in the early days of the internet taught regulators at the time.