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Tokenization Replaces Sensitive Data with Non-Sensitive Data

Tokenization limits the exposure of sensitive information and makes digital transactions more secure. Recent developments in blockchain systems and decentralized finance create new uses for tokenization, raising legal questions as to how existing regulatory frameworks will apply or adapt.
United States Hong Kong Bloomberg Cryptocurrencies Gary Gensler Hesterm Peirce Jay Clayton

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Approaches To Regulation For Decentralized Finance - Technology

Decentralized Finance (DeFi) is a term describing the assortment of different financial applications enabled by blockchain technology and cryptocurrency with the aim to decentralize financial services that are currently intermediated by financial institutions.
United States Anshool Deshmukh Gary Gensler Commodities Futures Trading Commission Bank Secrecy Appropriations Committee
Source: mondaq.com

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