Verified restriction · key points (not the full text)
FINMA guidance on decentralised finance (DeFi) 2022
Authority: Swiss Financial Market Supervisory Authority (FINMA)First published: View the official source
Document text
Verified restriction: key points stated in the official source
Assessment by economic substance, not legal form
Same business, same risks, same rules
Concentration of control and poor transparency are supervisory concerns
Independent source key points; not an official full text or licensed full translation.
Because the source’s reuse terms do not authorise commercial full-text republication, this page presents key points independently compiled by Man Kun. It is not the official full text or a complete translation. Please consult the official source for the complete document and its annexes.
Key cautions
- Assessment by economic substance, not legal form
- Same business, same risks, same rules
- Concentration of control and poor transparency are supervisory concerns