• Latest
  • Trending

“DeFi” & “Trust Wallet” – Legal & Regulatory Concern in Crypto Space Globally?

November 2, 2020
Public Bytes TV: Revolutionizing Indian News with Multilingual Power

Public Bytes TV: Revolutionizing Indian News with Multilingual Power

June 7, 2025
Lotus Derma Botanics Enters the Skincare Arena

Lotus Derma Botanics Enters the Skincare Arena

May 28, 2025
Pahia: A Mohali-Based Startup Empowering Street Vendors with Technology

Pahia: A Mohali-Based Startup Empowering Street Vendors with Technology

May 23, 2025
Kingston Powers Tomorrow: Enabling the Future of AI with High-Performance Solutions at COMPUTEX 2025

Kingston Powers Tomorrow: Enabling the Future of AI with High-Performance Solutions at COMPUTEX 2025

May 22, 2025
Tvara Superfood Launches India’s First Daily Seed Cycling Blends for Female Hormonal and Chakra Nourishment

Tvara Superfood Launches India’s First Daily Seed Cycling Blends for Female Hormonal and Chakra Nourishment

May 22, 2025
House of Jewels Rebrands and Launches Online: Vinaya Verma’s Side Hustle Now a Sparkling Digital Brand

House of Jewels Rebrands and Launches Online: Vinaya Verma’s Side Hustle Now a Sparkling Digital Brand

May 21, 2025
Aveya IVF & Fertility Center: Pioneering Accessible Parenthood with Fertility Solutions

Aveya IVF & Fertility Center: Pioneering Accessible Parenthood with Fertility Solutions

May 14, 2025
Rice Over Bread: How Lenexis Foodworks Captured India’s Chinese Food Market

Rice Over Bread: How Lenexis Foodworks Captured India’s Chinese Food Market

May 14, 2025
MarkSimpl Technologies: Redefining Trademark Protection with AI-Powered Intelligence

MarkSimpl Technologies: Redefining Trademark Protection with AI-Powered Intelligence

April 9, 2025
Lotus Herbals Launches Multimedia Campaign for Safe Sun Ultra Rx Sunscreen Serum SPF 60+

Lotus Herbals Launches Multimedia Campaign for Safe Sun Ultra Rx Sunscreen Serum SPF 60+

April 3, 2025
Upgrade Your Setup this Republic Day with Kingston’s Exclusive Offer!

Upgrade Your Setup this Republic Day with Kingston’s Exclusive Offer!

January 21, 2025
Vairat Marathi Film Title Song Released Featuring Bollywood Actor Shantanu Bhamare, Giri S Raj & Balasaheb Bangar!

Vairat Marathi Film Title Song Released Featuring Bollywood Actor Shantanu Bhamare, Giri S Raj & Balasaheb Bangar!

December 2, 2024
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News
Wednesday, July 2, 2025
  • Login
Bihar Live
  • Home
  • Bihar
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
    • Music
  • Lifestyle
    • Health & Fitness
    • Fashion
    • Travel
    • Food
      • Recipes
  • Tech
    • App News
    • Gadgets
  • Auto
  • Others
    • Sports
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Press Release
No Result
View All Result
Bihar Live
No Result
View All Result

“DeFi” & “Trust Wallet” – Legal & Regulatory Concern in Crypto Space Globally?

Bihar Live by Bihar Live
November 2, 2020
in App News, Finance/Money, Tech
0
Share on FacebookShare on Twitter

Is regulation possible in a completely decentralized environment?

Mumbai, Maharashtra [India]: As such Crypto, Industry is on firing range from almost all the regulators across the globe. When it comes to Defi, the following are the legal & regulatory risk –

Enforceability & Legal Provisioning – understanding the legal nature of Digital or Crypto Asset, legal enforceability of smart contracts, and the parties to which legal liability will attach is itself a big challenge.

YOU MAY ALSO LIKE

Pahia: A Mohali-Based Startup Empowering Street Vendors with Technology

Kingston Powers Tomorrow: Enabling the Future of AI with High-Performance Solutions at COMPUTEX 2025

Dispute resolution –The potential multi-jurisdictional issues associated with resolving disputes that may arise between users and / or between users and the developers of a DeFidApp.

Data privacy – Data protection compliance in relation to the collection and storage of personal data and ensuring compliance with applicable data privacy laws.

AML –Anti-money laundering (AML) and know-your-customer (KYC) is the most important aspect in crypto space, DeFi is in regulatory and commercial risk.

IPR – dApps being developed do not infringe the intellectual property rights of others and potentially taking steps to entrench value in dApps developed through the protection of intellectual property rights in them.

Consumer Right – Consumer is King but in case of DeFi, it’s a matter of concern as well.

Regulatory frameworks/securities laws – analysis as to the applicable regulatory frameworks and securities laws that may apply to any digital tokens issued as part of the operation of a dApp, transactions taking place in relation to crypto-assets via a dApp, and/or the nature of activities being undertaken through the dApp will need to be fully understood.

Tax – What kind of Tax applicable to DeFidApp users for Personal tax consideration & What kind of tax applicable for Issuance of any digitized tokens is also a matter of confusion.

There is always a fear that global regulators could turn their eyes to DeFi as it grows in scale. Regulators will definitely use address checking services in order to blacklist certain users.

Any which ways conversion to Fiat from crypto at some point needs centralized exchange & then Financial Action Task Force (FATF) regulations come into play, which includes the ‘Travel Rule’ which requires Virtual Asset Service Providers (VASPs) to collect and transfer customer information during transactions.

When things will end up using Centralized exchange then DeFi protocols may be forced to adopt KYC and other regulations. In the name of “Trust Wallet”, most of the Ponzi operators running their MLM scheme in the model of “helping plan”, which means keep on introducing people & huge money rotation is on across the board.

More Info: https://finlaw.in/crypto-lawyer/, https://blog.finlaw.in/

ShareTweetSharePinSendShareSend
Previous Post

With an innovative social mission in heart, JustAnilmission is helping rural Indians carve their footprints in the Global World

Next Post

Did you know that you can own a share of the CSK Team?

Bihar Live

Bihar Live

Related Posts

Pahia: A Mohali-Based Startup Empowering Street Vendors with Technology
Tech

Pahia: A Mohali-Based Startup Empowering Street Vendors with Technology

by Bihar Live
May 23, 2025
Kingston Powers Tomorrow: Enabling the Future of AI with High-Performance Solutions at COMPUTEX 2025
Tech

Kingston Powers Tomorrow: Enabling the Future of AI with High-Performance Solutions at COMPUTEX 2025

by Bihar Live
May 22, 2025
Upgrade Your Setup this Republic Day with Kingston’s Exclusive Offer!
Tech

Upgrade Your Setup this Republic Day with Kingston’s Exclusive Offer!

by Bihar Live
January 21, 2025
Mastering IT Alchemy: Unlocking Success for Indian Dealers with Kingston
Tech

Mastering IT Alchemy: Unlocking Success for Indian Dealers with Kingston

by Bihar Live
October 18, 2024
Kingston Adds Red Colorway to External SSD Lineup
Tech

Kingston Adds Red Colorway to External SSD Lineup

by Bihar Live
September 4, 2024
Next Post

Did you know that you can own a share of the CSK Team?

Kotak Partners Amazon.in for the Festive Diwali Sale

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Public Bytes TV: Revolutionizing Indian News with Multilingual Power

Public Bytes TV: Revolutionizing Indian News with Multilingual Power

June 7, 2025
Lotus Derma Botanics Enters the Skincare Arena

Lotus Derma Botanics Enters the Skincare Arena

May 28, 2025
Pahia: A Mohali-Based Startup Empowering Street Vendors with Technology

Pahia: A Mohali-Based Startup Empowering Street Vendors with Technology

May 23, 2025
Bihar Live

Bihar Live, digital news and story platform bring you the news, articles, stories, and opinions on the latest happenings worldwide covering various sectors like nation, politics, and governance, social sector, review, foreign affairs, defence and security, latest review, lifestyle, entertainment, sports, technology, auto sectors, education, business and start-ups updates, Agriculture, Science, finance, money, food, and culture, etc.

Recent News

  • Public Bytes TV: Revolutionizing Indian News with Multilingual Power
  • Lotus Derma Botanics Enters the Skincare Arena
  • Pahia: A Mohali-Based Startup Empowering Street Vendors with Technology

Follow us on Google News

July 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Jun    
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News

© 2022 Bihar Live - Design and Developed by Brand Maker RD.

No Result
View All Result
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Home
  • Privacy Policy

© 2022 Bihar Live - Design and Developed by Brand Maker RD.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In