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IOSCO says DeFi is quickly evolving and ‘cloning financial markets’ -Breaking

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Regulators are putting more emphasis on conducting research to help understand emerging industries and decentralized finance.

Today the International Organization of Securities is (IOSCO). PublishedA report which provides an overview of DeFi and highlights potential concerns for regulators. DeFi’s growth is evident and its many mechanisms are similar to traditional financial market systems, according to the report.

Total value locked in DeFi. Source: IOSCO Report