Michael Egorov: FATF regulatory pressure will drive DeFi to improve safety and decentralize

According to The Block, the founder of Curve, Michael Egorov, said that the FATF regulatory pressure on DeFi would prompt the agreement to remove privileged access, upgrade risk and intervene in user funding. The FATF issued a report last month proposing a control test to determine when the anti-money-laundering standards apply to DeFi. Currently, of the 143 reporting jurisdictions, 132 have not yet applied recommendation 15 to the eligible DeFi arrangements, and only two have licensed or registered the DeFi arrangements。