“監管不確定性仍然是Defi的最大問題之一”

SilentsWap隱私權交易平台的創始人Shibtoshi概述了幾個問題，這些問題使機構猶豫不決地採用分散融資（DEFI）解決方案，包括隱私

Shibtoshi, the founder of the privacy-preserving trading platform SilentSwap, has outlined several concerns that make institutions hesitant to adopt decentralized finance (DeFi) solutions.

隱私貿易平台Silentswap的創始人Shibtoshi概述了一些問題，這些問題使機構猶豫不決地採用了分散的財務（DEFI）解決方案。

In an interview with Cointelegraph, Shibtoshi, who prefers to be known by his pseudonym, discussed the challenges posed by privacy, a lack of standardized compliance regulations, and legal accountability in the rapidly evolving decentralized finance landscape.

在接受Cointelegraph的採訪時，志賽（Shibtoshi）更喜歡以自己的化名而聞名，討論了隱私所帶來的挑戰，缺乏標準化的合規法規以及在快速發展的分散財務環境中的法律責任制。

Shibtoshi explained that the high transparency of onchain transactions presents a problem for companies that must conceal sensitive information, including trading strategies, payroll information, and business-to-business agreements.

Shibtoshi解釋說，OnChain交易的高透明度給必須隱藏敏感信息的公司帶來了一個問題，包括交易策略，工資信息和企業對企業協議。

“Imagine a large institution having to broadcast its complete payroll on a public blockchain explorer for all to see. Or, imagine a hedge fund having to reveal its entire trading strategy with every transaction made on a decentralized exchange,” he said.

他說：“想像一個大型機構必須在公共區塊鏈探險家上廣播其完整的工資單，以便所有人看到。

Regulatory uncertainty continues to be one of the biggest problems for DeFi and is compounded by a fragmented approach across legal jurisdictions, which prevents institutional adoption, Shibtoshi added.

Shibtoshi補充說，監管不確定性仍然是DEFI最大的問題之一，並且在法律管轄區的一種零散的方法使製度採用的方法變得更加複雜。

“Are DeFi tokens securities? What happens if a decentralized autonomous organization (DAO) messes up — and who is responsible when it does? It is all still pretty unclear,” the SilentSwap founder said.

SilentsWap創始人說：“ Defi令牌證券是否？如果一個分散的自主組織（DAO）搞砸了會發生什麼事，誰在做到這一點，誰負責？這仍然不清楚。” SilentsWap創始人說。

Shibtoshi urged common sense regulations that encourage innovation and preserve the value propositions of decentralized finance, including self-custody, speed, and cost-effective transactions.

Shibtoshi敦促鼓勵創新並保留分散財務的價值主張，包括自我顧客，速度和具有成本效益的交易。

The total value locked across the DeFi ecosystem has not yet returned to peak levels witnessed in 2021 and 2022. Source: DeFiLlama

鎖定在Defi生態系統上的總價值尚未返回到2021年和2022年見證的峰值水平。資料來源：Defillama

Both chambers of the United States Congress recently voted to overturn the highly unpopular DeFi broker rule requiring decentralized finance protocols and platforms to report customer transactions to the Internal Revenue Service (IRS).

美國國會的兩個議會最近都投票決定推翻高度不受歡迎的經紀人規則，要求分散的財務協議和平台向國稅局（IRS）報告客戶交易。

The US Senate repealed the IRS broker rule in a 70 to 27 vote on March 4, followed by members of the US House of Representatives voting to repeal the IRS rule on March 11.

美國參議院在3月4日的70票對27票中廢除了美國國稅局經紀人統治，隨後是美國眾議院議員投票決定在3月11日廢除IRS規則的成員。

Despite the optimistic news concerning the fate of the archaic rule, overregulation may end up killing a sector that was born as a decentralized, more accessible, and pseudonymous alternative to traditional finance.

儘管對古老規則的命運有樂觀的消息，但過度監管可能最終殺死了一個作為分散，更容易獲得的傳統金融替代方案出生的部門。

According to crypto entrepreneur and investor Artem Tolkachev, regulatory compliance is undermining decentralization in DeFi and destroying the value proposition of the nascent sector.

根據加密企業家和投資者Artem Tolkachev的說法，監管合規性正在破壞異化和破壞新生部門的價值主張的權力下放。

The emphasis on regulatory compliance measures increases the potential for censorship and shifts control from the users to third-party intermediaries and large institutions, Tolkachev wrote.

托爾卡喬夫寫道，對監管合規措施的強調增加了審查制度的潛力，並將控制權從用戶轉移到第三方中介機構和大型機構。