Decentralized Finance (DeFi) vs. Centralized Finance (CeFi)
Constitutional Implications and Power Misuse in India
Authors
-
Ashutosh
Entrepreneur
https://orcid.org/0009-0000-3768-2269
DOI:
https://doi.org/10.36676/sjmbt.v2.iSpecial.48Keywords:
Decentralized Finance (DeFi), Centralized Finance (CeFi), Constitutional Implications, Power Misuse in IndiaAbstract
This research paper explores the dichotomy between Centralized Finance (CeFi) and Decentralized Finance (DeFi) within the context of the Indian Constitution. It critically analyzes the constitutional implications of both systems, particularly focusing on how centralized authorities may misuse their power to curtail freedoms guaranteed under the Constitution. Additionally, the paper investigates how DeFi can support constitutional values such as privacy, freedom of trade, and equality. Finally, it examines how centralized authorities are actively hindering DeFi-based implementations to maintain control over financial systems, thereby compromising democratic principles.
References
Punjab National Bank (PNB) Fraud (2018)
- Source: The Economic Times
Link: [PNB Fraud Explained]
Yes Bank Crisis (2020)
- Source: Livemint
Link: [Yes Bank Crisis: A Timeline]
Lehman Brothers Collapse and the 2008 Financial Crisis
- Source: The Guardian
Link: [How Lehman Brothers' Collapse Triggered the Global Financial Crisis]
Satyam Scandal (2009)
- Source: Forbes
Link: [The Satyam Scandal: India's Enron] (https://www.forbes.com/2009/01/13/satyam-computers-fraud-lead-corp-citizen-cx_pm_0113citizenindia.html)
2008 Global Financial Crisis
- Source: Harvard Business Review
Link: [Understanding the Financial Crisis] (https://hbr.org/2009/09/understanding-the-financial-crisis)
The Role of Risk Mismanagement in the 2008 Crisis
- Source: The New York Times
Link: [How Risk Mismanagement Caused the Crisis]
(https://www.nytimes.com/2008/10/09/business/worldbusiness/09iht-09meltzer.16858113.html)
Downloads
Published
How to Cite
Issue
Section
Categories
License
Copyright (c) 2024 Scientific Journal of Metaverse and Blockchain Technologies
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
This license requires that re-users give credit to the creator. It allows re-users to distribute, remix, adapt, and build upon the material in any medium or format, for noncommercial purposes only.
