A new report on decentralized finance (DeFi) hones in on one of the most pressing issues facing this innovative sector: the challenge of digital identity. What Happened: The Technology Advisory Committee of the U.S. Commodity Futures Trading Commission (CFTC) is calling for a balance between regulatory oversight and the preservation of user privacy. Since DeFi has emerged as a transformative force in the financial domain — with the promise of enhanced transparency — there have also been significant risks, the CFTC says. Fraud, regulatory non-compliance, and operational mismanagement are magnif…

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