Decentralized finance – DeFi – has created an entire on-chain Wall Street – a digital financial services industry where users engage with software called smart contracts. With DeFi, you can do most of the things that banks support — earn interest, borrow, lend, buy insurance, trade derivatives, trade assets, and more — but at the speed of the internet. Only a handful of regulators globally have weighed in on the power, promise, risks and challenges of DeFi.

This month, Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA) published a discussion paper that seeks guidance from the cryptocurrency industry and serves as a starting point for a dialogue on how DeFi may be regulated.

In this TRM Talk, we spoke to one of the paper’s authors, Brian Yeoh, Head of Data Governance and Strategy for ADGM, to discuss the new DeFi paper and how a leading regulator is thinking about the DeFi space.

For more analysis of the paper: https://www.trmlabs.com/post/trm-talks-abu-dhabi-global-markets-discussion-paper-on-defi

This podcast is hosted by TRM Labs, a blockchain analytics company. We work with crypto businesses, financial institutions and government agencies to monitor, detect and investigate fraud and financial crime in crypto. Learn more about our mission to build a safer financial system for billions of people here: https://www.trmlabs.com/about