21st June 2023 Digital Bytes

Borrowing and lending in DeFi - without a doubt DeFi platforms present challenges to regulators, all the while empowering users and helping to make traditional financial services (such as borrowing and lending) more inclusive. The disintermediation that DeFi ensures can enable lower borrowing costs and higher rates for lending - but who is accountable in the event that something goes wrong? Whilst there is already a regulated DeFi platform, how soon will more appear on the scene?

Is the Electronic Trade Documents Bill set to give added impetus for digital currencies? - the UK government is set to introduce new legislation which could impact global trade. Given that 80% of world trade is based on English law, this could have a huge impact on the efficiency of international trade by unlocking $billions of savings and boosting global trade by up to $40billion. As we see the global trade documentation being digitised, it will become easier to deploy smart contracts and so allow the automat…