Europe Is Currently Not on Track to Regulate DeFi: European Commission Advisor

“We’re currently not on track to regulate DeFi because it’s very rare to have something truly decentralized,” Peter Kerstens, an advisor for financial sector digitalisation and cybersecurity at the European Commission, said. “But this could change.”

He added that if European companies were unable to build a euro-backed stablecoin due to uncertain regulation, he was worried that someone outside the eurozone would end up controlling the dominant form of digital euro.


Sign Up for NextBigWhat Newsletter