DeFi needs to strike the right balance between privacy and transparency through a proactive approach to compliance in order to attract a wider pool of capital.
While ultimately desirable, many features native to decentralized finance (DeFi) — permissionless markets, pseudonymity, censorship-resistance — can also be considered gray areas for institutions who want to stay on the right side of the law (or preemptively clear future regulations). For DeFi to thrive and attract a wider pool of capital it needs to strike the right balance between privacy and transparency through a proactive approach to compliance.
Certain crypto verticals downplay or disregard the importance of regulatory compliance, including standard regulatory disclosures meant to increase transparency. This view is rooted in the industry’s philosophical origins (including a commitment to privacy) and technical foundations (blockchains are transparent by default). For the most part, DeFi has leaned towards this viewpoint. However, crypto and privacy are not synonymous. They never have been. But privacy and transparency are also not mutually exclusive — a mistaken view that comes from a binary understanding of what privacy is. Instead, privacy has always existed on a spectru
Defi Decentralized Finance Privacy Transparency Compliance
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