Weekly Staking and Yield Farming Review — 9th December 2021

Weekly Staking and Yield Farming Review

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The world of DeFi has been abuzz with talk about regulation recently.

Here is a quick overview of what has been happening and what implications this will have on investors.

The influential FATF (Financial Action Task Force) wants governments to hold the people behind DeFi protocols accountable. This will send the shivers down the backs of the many platforms that have decided on anonymity. This proposal is not likely to come in for some time but it is something that we can see being implemented and ruthlessly enforced.

In another attack on the DeFi space. BlockFi, which offers high interest rates to investors, is being investigated by the SEC. The SEC considers that BlockFi’s interest accounts represent the offering of unregistered securities, something that no doubt the SEC will use to target many other high profile yield farming platforms in the near future.