As the regulatory debate rages on, Vitalik shed light on what he sees as productive solutions for regulating DeFi. In a thread, the Ethereum co-founder suggested three ways of achieving two policy goals: 1. consumer protection and 2. making it harder for baddies to move large amounts of money around.
Vitalik Buterin on Twitter:
Should I publicly blab my opinions about crypto regulation more? Feels unfair to let other people get attacked by CT but never actually poke my own head out.
— vitalik.eth (@VitalikButerin) October 30, 2022
His three-way proposal includes:
- limits on leverage
- transparency about what audits were done on contract code
- restricting access based on knowledge tests instead of net-worth minimum rules
To meet requirements like these, Buterin suggested using zero-knowledge technology. Do you agree?