World Economic Forum (WEF) Presents Toolkit for Regulators | Author: Titus | Capital | June 2021

World Economic Forum (WEF) releases white paper Go to financial institution A toolkit for policymakers to examine opportunities and risks.

Decentralized financial supervision (Go to financial institution) Is considered a daunting task, of course. Smart contracts provide many advantages. However, they also attract many black sheep who use their huge potential to commit fraud.Nevertheless, many Go to financial institution Supporters hope to provide inclusive finance to the approximately 1.7 billion unbanked people in the world.Therefore, the World Economic Forum (WEF) has now issued a Go to financial institution frame Cooperation with the Wharton School of the University of Pennsylvania.It is designed to help political decision makers evaluate Go to financial institution And design possible regulatory measures.

The World Economic Forum report identifies some risks that need attention Go to financial institutionFor example, decision makers should be aware of “market risk”. This situation especially occurs when assets fall due to various reasons, but all of these are part of the law of the market.There is always a certain “liquidity risk”: there is not enough funds to cover the risk of assets Withdrawal.

Therefore, the white paper serves as a toolkit.It aims to provide an overview of all aspects of the relatively young Go to financial institution Sectors in the broader crypto ecosystem. However, the World Economic Forum does not intend to recommend specific policy measures to regulators through this document.The document says, instead, it focuses more on describing what the problem is Go to financial institution Can be solved. It also hopes to draw attention to certain areas where regulators may need to catch up.

DeFi will raise more questions about whether regulators have the right tools to respond to changing market activities, and how they exercise jurisdiction over a range of technologies and participants that are essentially borderless and global.

It says in the document.

The World Economic Forum is the first to deal with Go to financial institution. Earlier this year, the Financial Action Task Force (FATF)-an international money laundering supervisory agency-issued a proposal on supervisory guidelines Go to financial institution. Regulators are paying more and more attention to the field, especially after recent bullish developments Crypto market. Jehudi Castro Sierra, Digital Transformation Advisor to the President of Colombia, Say His country will be the first country to use the toolkit to formulate relevant policies and regulations Go to financial institution In Latin America.

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