DeFi will survive efforts to make it a walled garden

Fold CEO: DeFi Will Survive Despite Walled Garden Challenges

Decentralized finance (DeFi) platforms continue to demonstrate resilience in the face of increasing regulatory scrutiny and government efforts to control blockchain activity. Despite these challenges, DeFi remains a vital part of the broader cryptocurrency ecosystem, providing users with innovative financial services outside traditional banking systems. Regulatory Pressures and Walled Gardens Governments around the world are intensifying efforts…

Fold CEO Says DeFi Will Withstand Push for Walled Systems

According to Will Reeves, CEO and co-founder of Bitcoin rewards platform Fold, decentralized finance (DeFi) will withstand ongoing attempts by governments and financial institutions to restrict it within controlled systems. Reeves noted that regulatory pushes to introduce identity checks and permissioned layers into DeFi resemble past efforts to control the open internet. While such measures […]

DeFi will survive efforts to make it a walled garden — Fold CEO - WorldNL Magazine

Permissionless financial protocols will survive government and corporate efforts to impose traditional financial controls on DeFi. Decentralized finance (DeFi) protocols will survive government and corporate efforts to impose traditional financial regulations designed to create a walled garden of permissioned digital systems, according to Will Reeves, CEO and co-founder of Bitcoin (BTC) rewards company Fold. Reeves told Cointelegraph that regula…

DeFi will survive efforts to make it a walled garden

Efforts to impose identity requirements and other traditional financial controls on the decentralized finance (DeFi) sector will fail in the long-term.