Find Who’s Responsible for DeFi Projects and Regulate Them, Global Securities Body Says

“There is a common misconception that DeFi is truly decentralized and governed by autonomous code or smart contracts,” Tuang Lee Lim, Chair of IOSCO’s Board-Level Fintech Task Force, said in a statement. “In reality, regardless of the operating model of the DeFi arrangement, ‚responsible persons‘ can be identified.”