- Crypto investigator Kyla Curley warns of regulatory gaps in decentralized finance.
- Curley argued that DeFi’s decentralized nature presents a regulatory challenge, with financial crime activities rising.
- Meanwhile, she commended the pending stablecoin bill, particularly its attention to Proof of Reserve audits.
A Certified Cryptocurrency Forensic Investigator (CCFI), Kyla Curley, has recently highlighted a critical gap in the current regulatory frameworks concerning decentralized finance (DeFi). Curley commented on DeFi regulation in a recent interview with CNBC.
Specifically, Curley expressed concern about the lack of adequate regulation for DeFi. She emphasized that existing regulatory frameworks, both in the U.S. and globally, often fall short of addressing the unique challenges posed by decentralized finance.
She explained that DeFi enables users to engage in various financial transactions, such as lending, borrowing, and swap trades. She noted that the highlighted DeFi activities operate through smart contracts—self-executing codes that operate without human intervention.
According to Curley, the decentralized nature of DeFi presents a regulatory…
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