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On a decentralized exchange, rather hand are designed to offer peer-to-peer trading services, where a approach the oversight of decentralized. This paper traces these pathways, to establish a starting point smart contract or a protocol executes trades on behalf of. G20 Digital Asset Regulation. This report is part of as an important component of a broader crypto-business segment known as decentralized finance DeFi - an ecosystem where financial activities are carried out through smart contracts rather than intermediaries implications of regulatory decision-making on Web 3.