Bank of England official Carolyn Wilkins stated that DeFi is not as decentralized as claimed.
Senior adviser to the UK central bank expressed his thoughts on DeFi in a speech at University College London’s Blockchain Research Centre.
DeFi Statement from Bank of England Official
Carolyn Wilkins used the following statements, highlighting some of the flaws in the industry:
Wilkins stated that the regulatory work on the digital asset sector continues and urged the private sector and DeFi investors to do more.
Wilkins stated that the current financial sector is starting to adopt blockchains and improving digital asset projects is becoming an emergency.