The International Organization of Securities Commissions (IOSCO) published its decentralized finance (DeFi) policy recommendations this week, and it’s advising jurisdictions to figure out who is behind so-called “leaderless” protocols. 

DeFi’s anti-centralized body nature makes regulating the industry a challenge, IOSCO said in its latest report, so identifying “responsible persons” is essential. 

“A regulator should aim to identify the persons and entities of a purported DeFi arrangement that could be subject to its applicable regulatory framework,” the report read. “These responsible person(s) include those exercising control or sufficient influence over a…

Read more on Blockworks