{"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='FinTech cybersecurity consortium created'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/fintech-cybersecurity-consortium-created\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/11\/fintech-cybersecurity-consortium-created-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-11653\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11653'>\n\t\t\t\tFinTech cybersecurity consortium created\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Anelik bank introduces \u2018Hello, Anelik\u2018 system'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/anelik-bank-introduces-hello-anelik-system\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/12\/17796409_1418121334918001_1197561987699469549_n-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-7524\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-7524'>\n\t\t\t\tAnelik bank introduces \u2018Hello, Anelik\u2018 system\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='In Georgia, tens of MFIs and online loan organizations might be closed'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/in-georgia-tens-of-mfis-and-online-loan-organizations-might-be-closed\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/12\/Business-Closure-Closing-Down-Sign21-e1390367012629-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-7559\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-7559'>\n\t\t\t\tIn Georgia, tens of MFIs and online loan organizations might be closed\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}]}}