Kiffmeister’s #Fintech Daily Digest (08/20/2021)*

I’ve updated my tabulation of retail central bank digital currency (CBDC) explorers. No big changes. Just updated links and some shuffling of some projects into the more “active” categories. 

SEC Chairman Says DeFi Projects ‘Have a Lot of Centralization

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said that while the SEC remains neutral on the innovative technology involved in Bitcoin and DeFi, he is concerned about the risks that the sector poses to investors. He argues that some decentralized platforms “actually have a lot of centralization” and that crypto projects should register their products with the regulatory agency. “This field is not going to reach any of its potential if it tries to stay outside of our laws.”

Calling Poly Network incompetent, upset hackers refuse to give back remaining $141M

“The Poly Network hackers have returned assets worth around $427 million, but hackers accused the company of “incompetency” and are refusing to give back the remaining $141 million.” 

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