ARTICLE · 24 MAY 2021

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The Future Of DeFi Regulation

Astraea Group

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Decentralised Finance, or DeFi, is the latest wave in the cryptoasset movement. DeFi refers to a wide range of blockchain-based projects that allow people to borrow and lend, ..

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Decentralised Finance, or DeFi, is the latest wave in the cryptoasset movement. DeFi refers to a wide range of blockchain-based projects that allow people to borrow and lend, speculate on derivatives, trade cryptocurrencies, insure against risks and earn interest on savings without the need for asset managers, banks or other financial institutions.

How does it work?

Like the blockchain technology on which it is built, DeFi projects are intended to operate without any central authority. Transactions take place on an open distributed ledger over which no single person or entity has ultimate control.

What makes DeFi different is its aim to completely remove intermediaries - exchanges, brokers, banks and insurance funds. By replacing third parties with software protocols, users can transact with total independence.

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