Fed's Powell: DeFi needs appropriate regulation before expanding to retail

Cointelegraph

Published Sep 27, 2022 11:56PM ET

Updated Sep 28, 2022 01:40AM ET

United States Federal Reserve chairman Jerome Powell has spoken out about the expansion of decentralized finance (DeFi) and its impact on the traditional finance ecosystem, calling for appropriate regulation.

During an event titled the “Opportunities and challenges of the tokenisation of finance” hosted by the Banque de France on Sept. 27, Jerome Powell said there were “very significant structural issues around the lack of transparency” in the DeFi ecosystem.

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