Anndy Lian calls for the creation of a customized regulatory framework for DeFi, inspired by the classical Howey Test.
He proposes several guiding principles including the decentralization threshold, functional utility versus speculative intent, transparency, on-chain disclosure, and intermediary liability to ensure consumer safeguards.
Lian’s recommendations come amid growing scrutiny of the decentralized finance sector, a landscape he has previously dissected by distinguishing true decentralized projects from those retaining centralized elements. His recent regulatory proposals align with past warnings about inflationary risks, particularly the hidden impact of money printing on broader economic stability. For further context on these emerging dynamics, see his analysis of real and fake decentralized projects and his perspective on inflation as hidden in money printing.
Source: https://tradersunion.com/news/market-voices/show/1327645-defi-howey-test/
Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.
Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.