Blockchain-based systems are run by a decentralized network of participants and are designed to be censorship-resistant. We use sanctions imposed by the U.S. Department of Treasury on Tornado Cash (TC), a smart contract protocol, to study the impact and effectiveness of regulation in...

Amidst rapid developments in digital financial technologies, the need for effective Decentralized Finance (DeFi) regulation is at the center of discussions. This paper aims to develop a comprehensive taxonomy for DeFi that brings to the forefront the diverse structures and characteristics of...

It is commonly believed that borrowers cannot be anonymous in unsecured credit relations because anonymity heavily reduces the scope for punishment and therefore makes credit unfeasible except for very special circumstances. However, we demonstrate that credit is generally feasible even if...

Decentralized grid solutions could be a feasible alternative to improve resilience and mitigate cascading effects in island states. Our study explores approaches that reduce the risk of infrastructure failures and promote decentralized utility planning in islands. A novel framework is proposed...