In its press release, the CFTC was specific about the labels it would have applied to the DeFi apps. Opyn, for instance, a type of decentralized insurance provider, should have had licenses for a “swap execution facility” (SEF) and “designated contract market” (DCM) as well as a “futures commission merchant” (FCM), the agency wrote.
Crypto for Advisors: The Evolution of Crypto and TradFi
A lot has changed since Bitcoin's release 15 years ago. Many other distributed database networks have been created, each with...