Nonfungible tokens (NFTs) are constantly in the news. NFT platforms are springing up like mushrooms and champions are emerging, such as OpenSea. It is a real platform economy that is emerging, like those in which YouTube or Booking.com gained a foothold. But it is a very young economy — one that is struggling to understand the legal issues that apply to it.Regulators are … [Read more...] about Are NFTs an animal to be regulated? A European approach to decentralization, Part 1
Decentralization
How should DeFi be regulated? A European approach to decentralization
Decentralized finance, known as DeFi, is a new use of blockchain technology that is growing rapidly, with over $237 billion in value locked up in DeFi projects as of January 2022. Regulators are aware of this phenomenon and are beginning to act to regulate it. In this article, we briefly review the fundamentals and risks of DeFi before presenting the regulatory context.The … [Read more...] about How should DeFi be regulated? A European approach to decentralization
dYdx outline plans for full decentralization in late 2022
dYdX, the layer-two derivates protocol, has published the fourth iteration of its roadmap detailing their intentions to evolve into an open-source, community-governed and fully decentralized exchange by the end of this calendar year.The platform currently runs on a hybrid model whereby a portion of operations are decentralized, most notably staking and governance, while other … [Read more...] about dYdx outline plans for full decentralization in late 2022
It Can’t Be ‘Decentralization or Bust’
The Bitcoin white paper doesn’t mention the word decentralization once – but it’s obviously there by another name: peer-to-peer. The Ethereum white paper mentions decentralization about 40 times. And when the President’s Working Group on Financial Markets (PWG) released its report on stablecoins last month, 15% of it was dedicated to the concept of decentralization and how to … [Read more...] about It Can’t Be ‘Decentralization or Bust’
Is the Decentralization in DeFi an ‘Illusion’?
This episode is sponsored by NYDIG.Download this episodeToday’s episode of “The Breakdown” is a grab bag of news stories from the past several days. NLW covers:The Bank for International Settlements report “DeFi Risk and the Decentralization Illusion”Regulatory updates from the Biden administration, Japan, the U.K. and IndiaInstitutions leading the selling last weekOpenSea … [Read more...] about Is the Decentralization in DeFi an ‘Illusion’?