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For instance, in traditional unsecured lending, there is a legal requirement that lenders and borrowers know one another’s
added by Anonymous 911 days ago 1    0

there are no such requirements. Instead, everything is about mutual trust and preserving privacy.anan
added by Anonymous 912 days ago 1    0

good leaders of rainbow currency, have planned and brought to light the security and we have been behind the catains, it now time to improve our fure by trusing and investing on our yem
added by Anonymous 1556 days ago 1    0

DeFi HAS GALVANIZED CRYPTOL WORLD WITH GOLD
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First, regulators have been behind the curve, and DeFi has been able to flourish in this vacuum. For instance, in traditional unsecured lending, there is a legal requirement that lenders and borrowers know one another’s identities and that the lender assesses the borrower’s ability to repay the debt. In DeFi, there are no such requirements. Instead, everything is about mutual trust and preserving privacy.

Regulators are having to weigh the delicate balance between stifling innovation and failing to protect society from such risks as individuals putting their money into an unregulated space, or banks and other financial institutions potentially being unable to make a living as intermediaries. But it seems more sensible to embrace change – and that seems to be happening. In July, the US Securities and Exchange Commission (SEC) made a major shift towards embracing DeFi by approving an ethereum-based fund, Arca, for the first time.

How do you vote?

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