We thank the Autorité des Marchés Financiers (AMF) for the opportunity to share our perspectives on the potential regulation of decentralised finance (DeFi). We believe that collaborative efforts like this are crucial for the development of a robust and effective regulatory framework that promotes innovation, investor protection, and the overall growth of the blockchain industry.
We have carefully reviewed the AMF’s discussion paper and are grateful for the comprehensive analysis and insights it provides. As organisations deeply invested in the blockchain space, we are happy to provide our perspective and collaborate with the AMF to shape the future of DeFi. Once again, we extend our gratitude to the AMF for the proactive approach and open dialogue.
This is a joint response by the European Blockchain Association, the IOTA Foundation, LlamaRisk and Blockpit, with contributions from Erwin Voloder (EBA), Tom Jansson (IOTA), Svetlin Konsulov (LlamaRisk) and INATBA Board Members Mariana de la Roche Wills (IOTA) and Dr. Max Bernt (Blockpit).
Read and download the full reply here
The 7 discussion points addressed in this paper:
- Permissionless versus Permissioned blockchain protocols
- Smart contracts
- Use of open-source software
- Assessment of risks posed by DeFi activities
- DeFi trading protocol market rules
- Definitions of DEX and AMM
- Decentralisation and degree of control