Any defi protocols that are not entirely decentralized may be ripe for regulations. One European Parliament VP weighs in on the matter.
Achieving decentralization is no easy feat. “Most of them are [...] saying they are, but they are not, Kaili said, referring to existing DeFi protocols. She further explained the need to define ecosystem players as part of a broader regulatory framework:
“We need to have safeguards to understand who is a developer, who controls that, what are the keys, if somebody can change the code or not, where is the jurisdiction. We have to make sure we understand how it works. It’s not an easy exercise. This is what disruption is. It’s out of the box challenges that we need to see what are the benefits and ensure we work around that with smart regulation.”
Kaili, who has been a member of the European Parliament since 2014, has been a vocal supporter of Bitcoin (
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