Defihttps://www.nortonrosefulbright.com/en/inside-fintech/blog/rss/defiFind the latest articlesen{4C4FA481-C2E8-47AE-B8CE-2788E6733A1D}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2024/01/iosco-final-report-with-policy-recommendations-for-decentralised-financeSimon LovegroveDeFiBlog postIOSCO final report with policy recommendations for decentralised financeOn 19 December 2023, the International Organization of Securities Commissions (IOSCO) published a final report with policy recommendations to address market integrity and investor protection issues in decentralised finance (DeFi).Thu, 04 Jan 2024 12:29:00 ZSimon Lovegrove{0D8CB205-0C77-4B3B-A634-42028AA4F36E}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2023/10/esma-reports-on-defi-market-developments-and-smart-contractsAnna CarrierDeFiBlog postDistributed ledger technologies, blockchain and smart contractsESMA reports on DeFi market developments and smart contractsOn 11 October 2023, the European Securities and Markets Authority (ESMA) published two articles on decentralised finance (DeFi), one on developments and risks in the EU market and another on a methodology for the categorisation of smart contracts. In these articles, ESMA highlighted risks to consumers, new forms of market abuse, and possible vulnerabilities to financial stability. Thu, 19 Oct 2023 14:44:00 ZAnna Carrier{53E7DFE8-9B14-4998-BB24-9BB430CC4F06}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2023/03/fsb-report-on-the-financial-stability-risks-of-decentralised-financeAlbert WeatherillDeFiBlog postFSB report on the financial stability risks of decentralised financeOn 16 February 2023, the Financial Stability Board (FSB) published a report on the financial stability risks of decentralised finance (DeFi).Wed, 01 Mar 2023 12:13:00 ZAlbert Weatherill{B97F0ADA-2407-4EEE-9DE7-4B58A9FAA260}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/12/reflections-on-defi-digital-currencies-and-regulation-speech-by-jon-cunliffeAlbert WeatherillDeFiBlog postReflections on DeFi, digital currencies and regulation – speech by Jon CunliffeOn 21 November 2022, the Bank of England (the Bank) published a speech by Jon Cunliffe at Warwick Business School’s Gilmore Centre Policy Forum Conference on Defi and Digital Currencies. In his speech, Mr Cunliffe reflects on recent crypto market developments and the work the authorities are doing on the regulation of crypto stablecoins and the Bank’s work on a potential central bank digital currency.Thu, 08 Dec 2022 13:18:00 ZAlbert Weatherill{BDD625CD-2DE5-4AEB-AEC2-6FA5C5397F46}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/07/decoding-defi-regulation-challenges-and-opportunitiesHannah MeakinAlbert WeatherillBlog postDeFiDecoding DeFi regulation: Challenges and opportunitiesTechnological innovation has continued unabated over the course of the past few years, and financial services has fared no differently. Replicating the core Web3 principle of shifting control and ownership away from a centralised operator, decentralised finance (DeFi) has created a new model for financial services that threatens to disrupt the existing order. In this article, we will explore the core characteristics of DeFi: how it works; what the key use cases are; and what regulatory challenges it creates.Tue, 26 Jul 2022 11:14:59 ZHannah Meakin, Albert Weatherill{FCDB0571-5AB5-421B-8C51-AA23AABC6463}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/04/research-shows-huge-increase-in-use-of-defi-protocols-for-money-launderingAndrew ReevesDeFiBlog postResearch shows huge increase in use of DeFi protocols for money launderingBlockchain analytics firm Chainalysis have recently published the results of research showing that there has been a huge increase in the use of decentralised finance (DeFi) protocols to launder money over the last year. DeFi is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies.Tue, 12 Apr 2022 15:48:00 ZAndrew Reeves{5C093678-702F-426C-95AD-A385EDB130EB}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/04/spotting-and-managing-litigation-risk-in-defiRobert A. SchwingerHarriet Jones-FenleighJonathan HawkinsDeFiBlog postSpotting and managing litigation risk in DeFi Our New York and London Commercial Disputes teams have collaborated to consider how you can spot and manage litigation risk in DeFi. Robert Schwinger, Harriet Jones-Fenleigh and Jonathan Hawkins’s thoughts are available in the latest volume of Global Blockchain Business Council's “International Journal of Blockchain Law”: Tue, 12 Apr 2022 15:47:00 ZRobert A. Schwinger, Harriet Jones-Fenleigh, Jonathan Hawkins{8B9BE70D-179A-4E73-BF73-AF57CCAE05E2}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/04/financial-stability-in-focus-cryptoassets-and-decentralised-financeSimon LovegroveAlbert WeatherillCrypto-assets, cryptocurrencies, stablecoins and CBDCsDeFiBlog postFinancial Stability in Focus: Cryptoassets and decentralised financeOn 24 March 2022, the Bank of England (BoE) published, ‘Financial Stability in Focus: Cryptoassets and decentralised finance (DeFi)’ which sets out the Financial Policy Committee’s (FPCs) view on specific topics which relate to financial stability. The publication focuses on:Tue, 12 Apr 2022 15:26:00 ZSimon Lovegrove, Albert Weatherill{22EBEF9B-E88E-438E-8DE0-84BC0396737C}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/02/defi-academy-managing-regulatory-and-litigation-risks-in-defiSean MurphyHannah MeakinAlbert WeatherillRachael HashmallEtelka BogardiDeFiBlog postDeFi Academy: Managing regulatory and litigation risks in DeFiThere is now nearly $150 billion of value locked into Decentralised Finance (DeFi) protocols and applications. DeFi provides incredible opportunities for the democratisation of financial services and could serve as the future of the financial services ecosystem, but it also comes with legal and regulatory uncertainty due to its novel structure.Tue, 08 Feb 2022 12:29:00 ZSean Murphy, Hannah Meakin, Albert Weatherill, Rachael Hashmall, Etelka Bogardi{7EF45863-19F8-468B-8C20-786E72E2CA44}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/02/defi-insurance-alternative-risk-coverageDeFiBlog postDeFi: Insurance / Alternative Risk CoverageIn this series of blogposts, we explore some of the main types of decentralised finance (DeFi) applications (dApps), and key areas of legal risk that may be of particular relevance for that type of application or product.Tue, 08 Feb 2022 12:28:00 Z{3730FC56-0FCC-446C-86DE-03D1E5F02671}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2021/11/defi-academy-session-2-global-regulatory-reactions-to-defiSean MurphyAndrew James LomHannah MeakinAlbert WeatherillRachael HashmallEtelka BogardiDeFiBlog postDeFi Academy - Session 2 Global regulatory reactions to DeFiThere is now nearly $150 billion of value locked into Decentralised Finance (DeFi) protocols and applications. DeFi provides incredible opportunities for the democratisation of financial services and could serve as the future of the financial services ecosystem, but it also comes with legal and regulatory uncertainty due to its novel structure.Thu, 11 Nov 2021 09:14:00 ZSean Murphy, Andrew James Lom, Hannah Meakin, Albert Weatherill, Rachael Hashmall, Etelka Bogardi{5FCC9FD2-8AB3-4017-A6B3-6B62C575BDD9}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2021/09/defi-academySean MurphyAndrew James LomHannah MeakinAlbert WeatherillRachael HashmallDeFiBlog postDeFi Academy | Register for session 1: An intro to DeFi @ 3pm on Tuesday 21 SeptemberTo demystify DeFi and explore the various associated legal and regulatory issues, over the next few months, we will be running a “DeFi Academy" comprising a series of discussions – including live Q&A sessions. Thu, 16 Sep 2021 15:03:51 ZSean Murphy, Andrew James Lom, Hannah Meakin, Albert Weatherill, Rachael Hashmall{3D28301C-EFD2-463D-AA0D-F73365D5C0BF}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2020/12/defi-insurance-alternative-risk-coverageDeFiInsurTechBlog postDeFi: Insurance / Alternative Risk CoverageIn this series of blogposts, we explore some of the main types of decentralised finance (DeFi) applications (dApps), and key areas of legal risk that may be of particular relevance for that type of application or product.Tue, 08 Dec 2020 09:56:00 Z{19B10445-3E76-4E87-B6D0-9906E4BFD7E0}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2020/10/what-is-defiDeFiBlog postWhat is DeFi?In this series of blogposts, we explore some of the main types of decentralised finance applications and key areas of legal risk that may be of particular relevance for that type of application or product.Wed, 07 Oct 2020 13:38:00 Z