Bank of England investigating DeFi to assess its risks.
BANKING AND CREDIT NEWS-October 14, 2021--Bank of England investigating DeFi to assess its risks
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Global Banking News - 14 October 2021
Bank of England has started studying decentralised finance (DeFi) in order to assess its risks.
The apex bank is trying to assess the risks generated by the rapid initial growth of DeFi applications. DeFi is decentralised, algorithm-based financial services that rely on smart contracts and are delivered over DLT platforms without intermediaries.
The decentralised and global...
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