DeFi, Digital Assets, and the Legal Crossroads: Navigating the New Financial Frontier

Abstract

The article delves into the burgeoning domain of Decentralized Finance (DeFi) and its transformative influence on traditional financial mechanisms and the wider digital asset spectrum. As DeFi continues its rapid ascendancy, it increasingly intersects with global legal systems, necessitating a re-examination of established regulatory frameworks. Through a detailed exploration of DeFi's components such as smart contracts, DEXs, stablecoins, and NFTs, the article underscores the potential legal implications, challenges, and the pressing need for agile legal adaptations in an evolving digital age.