With regulated decentralized finance (reg-DeFi) becoming a topic of discussion within and outside the crypto space, the World Economic Forum (WEF) has published a policy toolkit on DeFi.
According to a release issued on Tuesday, the toolkit seeks to provide useful guidance for regulators and government policy-makers concerning DeFi regulations.
The WEF reportedly partnered with the Blockchain and Digital Asset Project at the Wharton School of the University of Pennsylvania. DeFi entrepreneurs, legal experts and financial regulators also collaborated with the WEF to develop the toolkit.
Financial regulators involved in developing the policy framework include representatives from agencies in the United States as well as people involved in crafting Europe’s planned Markets in Crypto Assets (MiCA) regulations.
As part of the announcement, WEF stated that its toolkit offers a foundational basis for examining critical factors concerning DeFi regulations. With national and intergovernmental bodies seeking to craft and enforce DeFi regulations, some stakeholders say smaller startups in the emerging industry might become