Decentralization means that anyone with an internet connection can access Decentralized finance or the DeFi network and utilize it to make a transfer, get a loan, or invest without submitting applications to gatekeepers for its validation. Also, another key aspect of DeFi products is their immutability which provides a form of transparency that allows the community to hold its members accountable. However, this means the scammers can find more opportunities to defraud users, and the users cannot have true privacy in their finances if their public key is known.
We know DeFi can be a broad and complex topic; the Legal Guild brings you this article, where we discuss the issues in regulating DeFi, and how projects can best prepare themselves for potential future regulation.
Don’t miss our new article content about DeFi Regulation​