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BIS on DeFi: How far can whole financial system run purely on automated transactions?
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cnbctv18.comThe Bank for International Settlement (BIS) in a review examining the state of decentralised finance (DeFi) recommended that activities taking place outside of the traditional financial system need some centralised regulation.DeFi is an umbrella term for different financial services that occur through public blockchains, like ethereum. The primary goal of DeFi is to remove middlemen like banks from financial transactions to improve efficiency and create transparency.
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