‘Wake up and smell the coffee’ — regulation is coming to DeFi, says expert

Cointelegraph

Published Nov 18, 2020 06:40AM ET

Updated Nov 18, 2020 11:00AM ET

Since the Financial Action Task Force, or FATF, introduced its controversial “travel rule” for businesses in the crypto space, the debate over the suitability of established regulatory frameworks for cryptocurrencies has been unrelenting.

Some experts, however, believe that the industry’s experience with the FATF guidelines is only the tip of the iceberg and hints at more significant challenges down the line.

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