The cost of innovation — Regulations are Web3’s greatest asset

Opinion by: Hedi Navazan, chief compliance officer at 1inchWeb3 needs a clear regulatory system that addresses innovation bottlenecks and user safety in decentralized finance (DeFi). A one-size-fits-all approach cannot be achieved to regulate DeFi. The industry needs custom, risk-based approaches that balance innovation, security and compliance. DeFi’s challenges and rulesA common critique is that regulatory scrutiny leads to the death of innovation, tracing this situation back to the Biden administration source: https://cointelegraph.com/news/regulations-are-web3-s-greatest-asset?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound