kaal:position:2026-07-31-6493
Market Misconduct in Decentralized Finance (DeFi): Analysis, Regulatory Challenges and Policy Implications presents the following source proposition: The rise of blockchain and Decentralized Finance (DeFi) underscores this intertwined evolution of technology and finance. This proposition is pertinent to Kaal's source-bound claim that Decentralized finance and participatory governance models create their own problems, specifically unresolved regulatory frameworks and ethical considerations, so decentralization is not a costless substitute for existing institutional arrangements. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.
defigovernance-designhistorical-responsescholarly-literatureopenalex