EThereum Q&A: Does the Judicial System Play a Role in DeFi?
00:00 The Judicial system is important in CeFi, is it important in DeFi?
00:22 DeFi implements adjudication in the digital realm.
00:42 Where DeFi could interact with a local Judicial system
02:40 The Judicial system’s weaknesses & jurisdictional limitations
04:02 Integration attempts & international arbitration
04:52 DeFi can remain global and open
Decentralized Finance (DeFi) is global and lives on the blockchain, so can local judicial systems interact with DeFi? In what situations might a judicial system play a role in DeFi? When can a global, decentralized system interact with local law? And what kind of legal framework might make sense for interacting with global, open systems?
This question is from the DeFi bonus livestream, which took place on May 16, 2020. If you want early-access to talks and a chance to ask questions in the monthly live Q&As with Andreas, become a Community Builder on Patreon: https://www.patreon.com/aantonop
Bitcoin Q&A: Can Defi Exist without KYC or AML? – https://youtu.be/oK9q8jfah54
Bitcoin Q&A: DeFi Explained in Laymans Terms – https://youtu.be/RxrqNmv2tR0
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