Dr. Arak Sutivong, CEO of SCB 10X, believes DeFi requires a framework for long-term and sustainable interactions with traditional finance.
Dr. Arak Sutivong, the CEO of SCB 10X and the president of Siam Commercial Bank (SCB), has offered an insight into how one of the largest venture capital funds in Southeast Asia views the future of DeFi when it comes to the contentious question of regulation.SCB 10X is the venture arm of SCB, Thailand’s oldest bank, and mostly focuses on investing in blockchain-based financial services, such as DeFi and digital assets. In his opening speech at SCB 10X’s second annual global DeFi virtual summit, REDeFiNE, Dr. Sutivong stressed that by now, DeFi has broken through to the mainstream “by many measures.” In terms of growth, he noted that the sector had seen a ten-fold increase over the past six months, with over $100 billion in total value locked in the DeFi ecosystem this year. By many
Źródło: https://cointelegraph.com/news/defi-cannot-be-fully-regulated-siam-commercial-bank-president-says
