The US is cracking down on crypto. But globally, there are signs regulators are following suit as governments look to regulate software developers as a proxy for decentralised finance, or DeFi. That’s according to John Salmon, a partner at Hogan Lovells and co-chair of a working group within Global Digital Finance, which advocates for digital assets. The fears come amid a report yesterday from the Financial Stability Board, an international body which said DeFi amplifies risk in the financial system.


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