By: Salomé Bernhart Reviewed by: Nathan Vandy The field of cryptocurrencies is still relatively new. There were no decentralized digital currency assets before 2009 and no general smart contract platforms before 2015. Web3 has grown quickly and it is therefore important to consider potential and unpredictable developments in a rapidly evolving field when making recommendations on the proper legal treatment of Web3. DeFi faced a sudden upsurge of activity in 2020 and gained importance in the b...