How to Regulate Deregulation: A ‘Wicked Problem’ Indeed
Unless one has been living on a deserted island without an internet connection for the past ten years, chances are, one has heard of cryptocurrencies. By allowing peer-to-peer payments, cryptocurrencies have increased global participation in the international economy — even for those who do not have access to traditional financial services. This has been made possible with the expansion of DeFi or Decentralised Finance. Being completely unregulated, DeFi—a polar opposite of the traditional financial system—essentially disempowers all the intermediaries and go-betweens in a transaction and allows users to retain control over their money. However, recently, the global DeFi space’s continued exponential expansion has sparked conversations around regulation in the United States, Europe, Latin America, and other parts of the planet. In this article, the author will discuss the strategies of DeFi regulations from the lens of the Wicked Problem Theory.
Mainak Mukherjee
Law student. Interested in technology law.
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How to Regulate Deregulation: A ‘Wicked Problem’ Indeed
Source: Super Trending News PH
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