DEFI projects are being spun up in an environment aligned with crypto-currencies and digital assets and as such have limited regulation applied to them.
But just like any new technology, the maturation of these projects and the inevitable failure of some, will create a safer and less risky space to innovate, whilst ensuring the correct KYC/AML procedures are in place and the adequate legal and regulatory frameworks are adhered to.
At the point where fintech and DEFI map and merge (which should happen, as they are both just trying to find better ways to apply technology to finance), we will have a true inflection point where nascent financial technology is just part of a new financial system…
One which hopefully realises the dream of being fast, secure, cheap, available, connected and egalitarian.
https://www.finextra.com/blogposting/19929/defi---is-the-future-of-finance-decentralised