... Finance Under the Supervision of Innovation Regulators also intend to take a measured approach to decentralized finance (DeFi). It is proposed to consider the specifics of DeFi protocols and not block technological experiments, allowing new forms of financial services to develop under fundamental oversight. With reasonable regulation, this will make the U.S. an attractive jurisdiction for DeFi startups: decentralized exchanges, lending protocols, and other services will be able to operate legally and compete with banks, offering investors more diverse products and sources ...

... ecosystem where assets can be transferred and exchanged swiftly and at a lower cost. However, achieving this vision requires overcoming several challenges, including establishing robust regulation, ensuring data security, and integrating with existing financial systems. Global regulators, including the BIS, continue to explore the opportunities and risks of tokenization and are actively working on recommendations for its implementation. Over the coming years, digital tokens are expected to play a growing role in the financial ...

... compared to American standards. Companies going public on the Moscow Exchange are also required to provide prospectuses, but the volume of disclosed information may be lesser. After the IPO, Russian companies experience less stringent oversight from regulators, which can affect the level of transparency and the availability of information for investors. 2. Accounting Standards and Financial Reporting The accounting standards and financial reporting requirements used in preparing for an IPO also differ significantly. American IPO: In the U.S., companies are required to prepare their financial statements according to GAAP (Generally ...

... banks with 100% reserve requirements at a central bank, independent projects would struggle to compete—resulting in market monopolization by a few large players, likely affiliated with banks. The balance of interests is still being sought in 2025: regulators aim to reduce risks for the financial system but do not want to "choke" beneficial technology. For investors, this means that throughout the year, both positive news (e.g., approval of the first fully licensed stablecoin, launch of new tools based on them) and negative ...

... modernizing regulation for the digital age. This initiative proposes to review the classification of crypto assets (no longer considering most tokens as securities), streamline licensing for crypto companies, and even integrate elements of DeFi into the regulated financial system. Analysts have called this initiative "revolutionary," noting that such a shift from the SEC's previous hardline stance could restore innovation in the U.S. and strengthen the country's role as a global blockchain finance hub....