051 - Moving to DeFi to Avoid Regulations Will Not Work

<p><span style="font-weight: 400;">For those who don’t know, DeFi is a set of technical solutions that do not have an identifiable person or body behind the service. Today’s episode was triggered by an announcement made by Shapeshift about their intention to completely decentralize their company and go all-in with DeFi because they felt stifled by increased regulatory scrutiny. There are a lot of companies who are taking a similar path, and although I have a lot of respect for DeFi, I am going to explain why I do not think it is going to turn out to be a successful strategy for avoiding regulations and what I predict the future of DeFi projects will look like. Tune in today to hear it all!</span></p> <p><span style="font-weight: 400;">If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies!</span> <span style= "font-weight: 400;">If you are on Apple, just </span><a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531"><strong>click here to review</strong></a><span style="font-weight: 400;">, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </span></p> <p> </p> <p><strong>Today's episode:</strong></p> <p><span style="font-weight: 400;">[00:45] An explanation of what DeFi is. </span></p> <p><span style="font-weight: 400;">[01:25] The specific use case which inspired today’s episode.</span></p> <p><span style="font-weight: 400;">[03:10] Another project of mine which went into the DeFi space. </span></p> <p><span style="font-weight: 400;">[03:21] Growth in the volume of DeFi projects over the past year. </span></p> <p><span style="font-weight: 400;">[03:52] My thoughts on whether DeFi projects are going to work as companies are intending it to. </span></p> <p><span style="font-weight: 400;">[05:13] Why I think regulators are like