Decentralized Finance on the Ethereum Blockchain
22 Pages Posted: 1 May 2019
Date Written: March 25, 2019
Decentralized finance can be an option of last resort for refugees escaping political and societal collapse. This option can safely store a person’s wealth in a way that accumulates interest while preventing governments and banks from seizing it. In addition, there are other applications available for stabilizing financial holdings, trading, borrowing, speculating, and hedging. Using these applications, attorneys could advise desperate clients on using decentralized financial strategies to circumvent the authority of dysfunctional governments and insolvent banks.
These applications are not without their perils, needing smart regulation that allows for attorneys to make good-faith efforts to help clients, while preventing criminal money-laundering and tax-evasion schemes. With carefully crafted regulation, a new field of law could open up to U.S.-based attorneys. This field of law has the potential to provide hours of lucrative legal work helping clients maintain their savings.
Keywords: blockchain, ethereum, decentralized, finance, law, legal, attorneys
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