{"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='Libra: everything you need to know about Facebook\u2019s cryptocurrency'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/libra-everything-you-need-to-know-about-facebook-s-cryptocurrency\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/08\/facebook-libra-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13549\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13549'>\n\t\t\t\tLibra: everything you need to know about Facebook\u2019s cryptocurrency\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Uzbek Muslims can now pay Waqf via internet, mobile devices'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/uzbek-muslims-can-now-pay-waqf-via-internet-mobile-devices\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/09\/closeup-of-a-support-hands_53876-20502-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10817\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10817'>\n\t\t\t\tUzbek Muslims can now pay Waqf via internet, mobile devices\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='More Than Half the World\u2019s Population to Use Mobile Wallets by 2025'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/more-than-half-the-world-s-population-to-use-mobile-wallets-by-2025\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/07\/6ff77193-90c5-3828-2324-dbc5824937172-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16169\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16169'>\n\t\t\t\tMore Than Half the World\u2019s Population to Use Mobile Wallets by 2025\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}]}}