German Regulator Calls for New DeFi Laws

But some in the industry have warned that regulation could generate uncertainty in a nascent industry. Responding to Rodolphe’s comments, Sakhib Waseem, Chief Innovation Officer at Switzerland’s Astra Protocol, also told CoinDesk it could undermine the whole philosophy of DeFi, as supervisors in the U.S, EU and globally will tend to look for entities that can take responsibility for finance projects.