Marina Markezic, director and co-founder of the European Crypto Initiative (EUCI), said that decentralized finance (DeFi) remains a "niche globally," with European Union (EU) adoption above the global average but still behind other developed economies. Markezic made her statement in a January 16 post on X.
"DeFi remains a niche phenomenon globally, with EU adoption above the global average but lagging behind other developed economies," said Markezic. "The report emphasizes the need for clearer regulations and better AML/CFT controls in DeFi."
According to Markezic, a joint report released by the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) analyzes crypto-assets, DeFi, and related activities. She highlights the need for "clearer regulations" and enhanced anti-money laundering (AML) and counter-financing of terrorism (CFT) controls to ensure DeFi’s growth while addressing its risks.
Marina Markezic's post
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