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TRANSFER24 – BIS Report: DeFi Could Exacerbate Volatility


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17.12.2022

“The economic forces that allow intermediaries to maintain bargaining power in traditional finance may still exist in the DeFi world. DeFi applications pose huge challenges for tax enforcement, exacerbate money laundering and other types of financial abuse.”

– It is in the US interest to “set standards that protect consumers and maintain transparency, accountability, and systеm stability.”

Also, the Bank for International Settlements (BIS) announces a new policy that allows banks to hold 2% of cryptocurrency reserves.