Odaily Planet Daily News The Authority for Prudential Regulation (ACPR), a regulatory agency under the Bank of France, released a summary of the public consultation on the regulatory framework for decentralized finance on October 12. ACPR believes that the term ‘disintermediated finance’ is more appropriate than ‘decentralized finance’.
According to the summary, the “vast majority” of respondents advocate that DeFi should continue to be deployed on public chains, rather than private or permissioned chains. However, they acknowledge that these blockchains need to be audited regularly. Proposals to regulate intermediaries and certify smart contracts also gained broad consensus. In summary, ACPR believes it is “sensible” to develop smart contract certification rules, define governance to protect DeFi customers, and develop measures to support DeFi blockchain infrastructure. (Cointelegraph)