DeFi Risk and Regulation Workshop, Part 1

0x Senior counsel Jason Somensatto walks through the current regulatory state of decentralized finance (DeFi) along with Ropes & Grey attorney Marta Belcher and Compound general counsel Jake Chervinsky.A novel take on finance, DeFi allows users to take out loans or trade without permission from centralized custodians like banks or funds. Regulatory oversight, just like the tech itself, is developing on the go making Somensatto, Belcher and Chervinsky experts in the field.“When we talk about replacing intermediaries, these are the intermediaries that traditionally financial regulation relies on for legal functions like anti-money laundering law,” Somensatto said concerning the rethinking of traditional systems. Part one of two.