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‘Decentralization illusion’: Central bank group urges regulation of DeFi crypto platforms
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cnbc.comIn this article
The central bank of central banks is worried about «decentralized finance.»
The Bank for International Settlements, an umbrella group for central banks, said in a report this week that it's concerned there's a «decentralization illusion» in DeFi.
DeFi is a rapidly-growing part of the cryptocurrency market that promises to deliver traditional financial products like loans and savings accounts without involvement from regulated middlemen such as banks.
But regulators are
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