BIS warns cryptocurrency exchanges are becoming ‘shadow banks,’ and why that’s a risk The Bank for International Settlements (BIS) released a report warning stablecoin yields and other DeFi “earn” products are bank-like services without the safeguards or insurance.
BIS warns cryptocurrency exchanges are becoming ‘shadow banks,’ and why that’s a risk The Bank for International Settlements (BIS) released a report warning stablecoin yields and other DeFi “earn” products are bank-like services without the safeguards or insurance.