When it comes to DeFi, ultimately we all want an ecosystem with integrity, one that breeds confidence for the growing crypto community. But simply looking to traditional finance (TradFi) as a model on how to achieve this is not optimal. Rather than trying to fit existing regulations tailored for TradFi markets, we should be understanding DeFi’s idiosyncrasies, focusing on the types of financial crimes that are unique to the DeFi ecosystem and that truly hurt the end user, and aligning methods of detection and prevention with crypto’s core values of decentralization and trustlessness.
Source: https://www.coindesk.com/layer2/2022/09/27/the-defi-financial-crime-arms-race/?utm_medium=referral&utm_source=rss&utm_campaign=headlines