New BIS Report Looks at DeFi’s “substantial financial vulnerabilities”

New BIS Report Looks at DeFi’s “substantial financial vulnerabilities”

A recent report by the Bank for International Settlements (BIS) issues a warning regarding decentralized finance (DeFi), saying that it could cause harm to the existing financial system.  The BIS was established in 1930 and is based in Basel, Switzerland. Its aims are “to serve central banks in their pursuit of monetary…
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Source: Crypto Globe
Posted: 1 hour ago