TL;DR
-
Global regulators are trying to fit Web3 technology and ideologies into old regulatory frameworks – and it’s not matching up too well.
-
The projects they’re trying to regulate don’t have any one person or entity controlling them (they’re decentralized).
-
The solution? IOSCO and other regulators need to create new regulatory frameworks & guidelines to fit this new technology.
Full Story
Global Regulators are reminding us of our favorite 3-year-old, Maeve.
(One our the writer’s nieces).
Maeve likes to play with this (☝️) block matching game – take the square peg, fit it to the square cut out…
Well, The International Organization of Securities Commissions (IOSCO) is playing a similar game, but they keep trying to (metaphorically) put a round peg into a square hole.
Specifically, they’re trying to fit Web3 technology and ideologies into old regulatory frameworks – and it’s not matching up too well.
Their main request of regulators is to find the individual(s) behind specific DeFi projects or protocols, basically just asking:
“Hey, if we could have just a point person to talk to, then we can fit you into old frameworks and be done with it.”
Bada-bing, bada-boom. Done and dusted.
Except!!!
These projects don’t have any one person or entity controlling them (they’re decentralized).
Meaning the responsibility of maintaining operations is shared between automated code and the project’s broader user base.
The solution?
IOSCO and other regulators need to create new regulatory frameworks & guidelines to fit this new technology.
Otherwise we’re just going to be trying to fit square pegs into round holes – and that doesn’t work.
(Just ask Maeve).
clomiphene without insurance cost generic clomid without a prescription where buy cheap clomiphene pill where can i get cheap clomiphene without prescription clomiphene other name how to get generic clomiphene tablets where can i get generic clomid no prescription
This is the type of enter I unearth helpful.
Greetings! Jolly useful advice within this article! It’s the scarcely changes which liking turn the largest changes. Thanks a portion for sharing!
zithromax 250mg ca – ofloxacin online metronidazole medication
order semaglutide 14 mg pills – cyproheptadine online buy buy periactin 4 mg pills
buy domperidone 10mg pill – domperidone for sale generic cyclobenzaprine 15mg
order generic amoxil – diovan without prescription buy combivent without a prescription
buy zithromax online – cheap tindamax order nebivolol pill
amoxiclav cheap – https://atbioinfo.com/ acillin usa
esomeprazole 40mg pills – https://anexamate.com/ esomeprazole 20mg capsules
medex where to buy – coumamide cozaar 50mg price
buy mobic 7.5mg generic – https://moboxsin.com/ buy generic meloxicam
generic deltasone 10mg – https://apreplson.com/ cost deltasone 20mg
over the counter ed pills that work – where to buy over the counter ed pills buy generic ed pills
buy amoxil pills for sale – https://combamoxi.com/ buy amoxil tablets
brand fluconazole 100mg – https://gpdifluca.com/# order fluconazole 200mg online cheap
buy cenforce medication – https://cenforcers.com/ order cenforce 50mg online cheap
cialis 100mg review – ciltad gn uses for cialis
cialis coupon walmart – https://strongtadafl.com/ which is better cialis or levitra
buy generic ranitidine over the counter – site generic ranitidine 150mg
This is the kind of glad I take advantage of reading. this
Greetings! Utter serviceable par‘nesis within this article! It’s the petty changes which liking obtain the largest changes. Thanks a quantity towards sharing! https://ursxdol.com/amoxicillin-antibiotic/
This is a keynote which is forthcoming to my verve… Many thanks! Unerringly where can I notice the phone details due to the fact that questions? https://prohnrg.com/product/rosuvastatin-for-sale/
I am in point of fact enchant‚e ‘ to gleam at this blog posts which consists of tons of worthwhile facts, thanks object of providing such data. https://aranitidine.com/fr/acheter-fildena/
This is the big-hearted of criticism I positively appreciate.
https://proisotrepl.com/product/propranolol/