Sector Regulation Sector Regulation

Decentralized finance built on 'illusion' and threatens stability, BIS study warns

By Jack Schickler
  • 06 Dec 2021 06:30
  • 06 Dec 2021 06:12
Decentralized finance underpinned by cryptocurrency-style blockchain technology is built on an “illusion” and opens the financial system up to “severe” vulnerabilities, a paper produced for the Bank for International Settlements has said.

The use of cryptoassets to offer traditional financial services like loans and securities has grown enormously over recent years, but the study

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