Decentralized finance (DeFi) protocols will survive government and corporate efforts to impose traditional financial regulations designed to create a walled garden of permissioned digital systems, according to Will Reeves, CEO and co-founder of Bitcoin ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” title=”null”>BTC) rewards company Fold.
Reeves told Cointelegraph that regulatory proposals requiring DeFi protocols to data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/us-treasury-digital-id-defi-illicit-finance” title=”null”>embed biometric identity checks within smart contracts, or other similar traditional financial (TradFi) regulations, will backfire, as did efforts to control the spread of information on the…

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