Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. DeFi is the bankless digitization of Wall Street. There are no intermediaries or excessive ...

Decentralized finance (DeFi) services are increasingly becoming a national security concern in the U.S. due to their vulnerability to large-scale thefts and cyberattacks, according to the U.S.

Despite the collapse of the cryptocurrency market at the end of May 2022, DeFi services continue to be in demand among users in the long run. Financial institutions and banks need to prepare for the ...

The IRS’s new rules classify DeFi platforms as brokers and mandate KYC and transaction reporting. DeFi services must choose between compliance, blocking U.S. users, or fully decentralizing. Each path ...

Stablecoin regulation does not signal the end of DeFi. It marks the end of DeFi operating outside the regulatory system.

Final regulations on informational reporting obligations for custodial brokers were published in the Federal Register on July 9, 2024 with an ominous note that the information reporting requirements ...

The Treasury Department, in its first ever illicit finance risk assessment on the topic, said that the blockchain-powered world of decentralized finance, or DeFi, is rife with criminal activity, which ...

Decentralized finance (DeFi) has massive potential to transform traditional financial services. Data from Emergen Research recently found that the global DeFi platform market size is expected to reach ...

It’s widely accepted that our current banking system has significant flaws. Beyond systemic and geopolitical risks — like restricted borders, time zone barriers, and central bank dependencies — there ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. The United Kingdom’s top tax authority published a ...