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2025-04-19 10:27:37

flash on Nostr: ⚡️🚨 NEW - The Bank for International Settlements (BIS) has published a report ...

⚡️🚨 NEW - The Bank for International Settlements (BIS) has published a report indicating that cryptocurrencies and DeFi have reached "critical mass" and are beginning to represent potential risks to the traditional financial system.

According to the report, the gap between rich and poor could widen even further.

BIS recommends putting the spotlight on DeFi, which includes KYC, information disclosure and other compliance frameworks.
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