The European Securities and Markets Authority (ESMA) warned that investors could be harmed by decentralized finance (DeFi).
The European Securities and Markets Authority, within the scope of the regulations to be brought to the cryptocurrency sector, “most innovative” He examined the field of decentralized finance, which is his product.
Due to the developments in the DeFi field, there are new market manipulation techniques Stating that it was released, ESMA researchers made the following assessment regarding the risks arising from DeFi:
“Although investors are still very little connected to DeFi in general, Weaknesses in terms of operation and security, many DeFi deals are highly speculative, it is unclear which party is responsible for them Therefore, there are serious risks for the protection of investors.”
ESMA experts say that the DeFi industry is currently insufficient because it is not large enough. “financial stability” He thinks that there is no threat to him, but he should be monitored closely.