IOSCO reintroduces the “responsible person”, this time to DeFi

IOSCO, the International Organization of Securities Commissions, released a consultation paper last week on policy recommendations for Decentralized Finance (DeFi). An important addition was the recognition of a “responsible person” in a DeFi transaction, which goes against the original idea of DeFi to begin with but is on track with current trends for institutionalization of the business.
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