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The Regulatory Challenges Of Decentralized Finance (DEFI) In Traditional Banking Frameworks


 


Vahin Kaul, Christ University Delhi NCR


ABSTRACT


This research paper is a critical analysis of the multifaceted regulatory issues brought about by Decentralized Finance (DeFi) platforms in the conventional banking and financial regulatory ecosystems. With the blockchain-based financial services ongoing to mature and go mainstream the regulators are being confronted with unprecedented challenges of subjecting these new systems to traditional banking regulations. This paper examines the jurisdictional issues, consumer protection issues, issues of compliance, and possible regulatory solutions for incorporating DeFi into traditional financial systems. The study concludes with suggestions for an equilibrium regulation that supports innovation while guaranteeing market stability and consumer protection.




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Indian Journal of Law and Legal Research

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Abbreviation: IJLLR

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ISSN: 2582-8878

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Website: www.ijllr.com

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Accessibility: Open Access

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License: Creative Commons 4.0

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Submit Manuscript: Click here

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Licensing: ​

 

All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

 

Disclaimer:

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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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