Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Galaxy on June 09, 2021, 12:39:17 PM
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The CTFC Commissioner said DeFi doesn’t provide the benefits or protections found in the U.S. financial system. Dan Berkovitz, the commissioner of the U.S. Commodity Futures Trading Commission (CTFC), has come out against derivatives markets in DeFi.
The term DeFi is shorthand for decentralized finance, a collection of crypto-based services and products that mirror many of those on offer in traditional finance, albeit with far fewer intermediaries. Source
(https://decrypt.co/73131/defi-markets-derivatives-are-bad-idea-cftc-commissioner)