{"id":16500,"date":"2021-12-14T09:11:41","date_gmt":"2021-12-14T09:11:41","guid":{"rendered":"https:\/\/bulletins.bfconsulting.com\/?p=16500"},"modified":"2021-12-14T09:11:41","modified_gmt":"2021-12-14T09:11:41","slug":"bis-report-highlight-need-for-defi-regulation","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/bis-report-highlight-need-for-defi-regulation\/","title":{"rendered":"BIS Report Highlight Need for DeFi Regulation"},"content":{"rendered":"<p>The Bank for International Settlements (BIS) recently published a report on non-bank financial intermediaries. In the report, BIS assessed the decentralization of decentralized finance (DeFi) as \u201can illusion\u201d. In particular, it found that DeFi is not really decentralized, with most DeFi solutions controlled tightly by developers. The report also found that DeFi suffers from investor protection issues, money laundering problems and serious financial vulnerabilities such as liquidity mismatches. In conclusion, the report notes that, although DeFi does promote external financing, innovation and economic growth (particularly in areas in which traditional financial institutions do not operate), DeFi activities can be a source of financial instability. For this reason, DeFi should be regulated on national and global levels as this would provide liquidity support in emergency situations, better reporting and monitoring and a greater ability to withstand shocks. &nbsp;<\/p>\n<p>View the full report <a href=\"https:\/\/www.bis.org\/publ\/qtrpdf\/r_qt2112_foreword.pdf\">here<\/a>.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-16500 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='New universal scoring platform to launch in Kyrgyzstan'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/new-universal-scoring-platform-to-launch-in-kyrgyzstan\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/08\/scoring-system-kg-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10516\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10516'>\n\t\t\t\tNew universal scoring platform to launch in Kyrgyzstan\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='IFC Survey on the Role of Fintechs in the Financial Inclusion for Women'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/ifc-survey-on-the-role-of-fintechs-in-the-financial-inclusion-for-women\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2024\/04\/00a96c00-5c8e-2d8d-781e-eec9bc54601a1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-17587\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-17587'>\n\t\t\t\tIFC Survey on the Role of Fintechs in the Financial Inclusion for Women\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Azerbaijan developing national cybersecurity strategy'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/azerbaijan-developing-national-cybersecurity-strategy\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/10\/azerbaijan-developing-national-cybersecurity-strategy-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-11163\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11163'>\n\t\t\t\tAzerbaijan developing national cybersecurity strategy\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The Bank for International Settlements (BIS) recently published a report on non-bank financial intermediaries. In the report, BIS assessed the decentralization of decentralized finance (DeFi) as \u201can illusion\u201d. In particular, it found that DeFi is not really decentralized, with most DeFi solutions controlled tightly by developers. The report also found that DeFi suffers from investor &hellip;<\/p>\n","protected":false},"author":12,"featured_media":16490,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16500"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=16500"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16500\/revisions"}],"predecessor-version":[{"id":16501,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16500\/revisions\/16501"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/16490"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=16500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=16500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=16500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}