Bank for International Settlements: Unreliable DeFi exceeds usual budget.

Financial Institutions for Globalization (BIS) have warned that the cryptocurrency and non-financial markets around the world affect financial security and should be watched. for

The Bank for International Settlements says, “In the cryptocurrency ecosystem, risk is most often involved in volatile and large-scale price collapses.” But the potential for spillover effects should not be guess. "

"As history has proven, not everything that grows exponentially does not appear to be independent," added the Bank for International Settlements. for

Although the DeFi process appears to work mostly within their own ecosystems, BIS has identified problems, and the organization added that "this is only through money laundering and embezzlement of investors. of cameras that DeFi widens the lack of significant funding ”.