#thorwallet

CeFi Should Be Regulated Like Traditional Banks, Says DeFi Boss

Recent difficulties at Celsius, BlockFi, Babel, Vauld and Novi demonstrate the fundamental flaws of centralized finance (CeFi), and clearly demonstrate why centralized operators require far stronger regulatory oversight. This is according to Marcel Harmann, CEO of THORWallet DEX, who told Be[In]Crypto that in the absence of tougher regulation, users should seek out purely noncustodial…