Crypto, DeFi Risk Widening Wealth Gap

Crypto, DeFi Risk Widening Wealth Gap

The rapid adoption of cryptocurrencies and decentralized finance (DeFi) could destabilize the traditional financial system and deepen global wealth inequalities, according to a new report from the Bank for International Settlements (BIS). In its April 15 publication, the BIS highlighted that crypto and DeFi investments have “reached a critical mass,” posing escalating risks to investor protection and broader financial stability. Regulato...

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