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Former director of Binance Lithuania: DeFi needs regulation to promote adoption "

Internet reports that at the recent Binance Blockchain Week held in Dubai, Agne Linge, former director of Binance Lithuania, said that although regulations in jurisdictions such as Europe have solved the problems of centralized exchanges and wallet providers, DeFi is still basically "out of scope." Linge believes that for DeFi to gain wider adoption, regulatory rules must be developed for the industry. Linge also praised regulators for "clearing" the ecosystem of bad actors and trying to understand the technology, but emphasized that DeFi also needs attention.

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