How will the DeFi markets evolve in the future? Cointelegraph's editor-in-chief KristinaLCorner gave her thoughts at the at the International Workshop on P2P Financial Systems 2022.
As one of the main growing sub-sectors in the crypto industry, decentralized finance has faced a challenging year amid market dynamics, cyberattacks and regulatory uncertainty. Its future demands more transparency and clarity in the regulatory landscape, according to a panel discussion at the International Workshop on P2P Financial Systems 2022 on Dec. 1.
Perez emphasized the need for transparency for DeFi's long-term success, as well as the role of central bank digital currencies in promoting crypto's core values to society and restoring trust in the industry following recent events such as the collapse of cryptocurrency exchange FTX. "We need clear rules [...]. People don't know the limits. We need ways to ensure that it's very clear with the lines and that there are rules there that you can test, verify that you're on the right side of the line. Otherwise, we'd just be in this situation where regulation is not clear and innovation is delayed because people will try it, and they'll get shut down."
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