Vitalik: KYC regulation for DeFi frontends "doesn't make much sense," proposing three regulatory rules that "might" be helpful

ChainCatcher message, Vitalik expressed his views on DeFi regulatory issues on his social platform, stating that KYC regulation at the DeFi front end "doesn't make much sense," as it is ineffective against hackers. Vitalik pointed out that "possibly" more helpful DeFi front-end regulations include: 1. Leverage limits; 2. Audits of contract code, FV, or other security checks requiring a certain level of transparency; 3. Controlling user access through cognitive tests rather than minimum net worth rules.

In addition, Vitalik stated that the crypto community should not overly pursue large institutional capital, and in fact, he is pleased about the delay of many ETFs. The ecosystem needs time to mature before crypto receives more attention. (source link)