https://blockchaining.org/tags/decentralization/ Recent content in Decentralization on Blockchaining.org Hugo en-us Mon, 20 Oct 2025 00:00:00 +0000 https://blockchaining.org/2025/10/20/defi-regulation-and-the-permissionless-illusion/ Mon, 20 Oct 2025 00:00:00 +0000 https://blockchaining.org/2025/10/20/defi-regulation-and-the-permissionless-illusion/ <p>The word permissionless has been doing a lot of work in DeFi. It carries a promise: that financial infrastructure can be built and accessed without gatekeepers, without identity verification, without the approval of a regulator or a bank. Smart contracts execute automatically. Code is law. The system does not care who you are.</p> <p>Regulators have spent the past three years methodically dismantling this framing, and they are not wrong to do so.</p>