BIS warns cryptocurrency exchanges are becoming ‘shadow banks,’ and why that's a risk

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CoinDesk - All News 5 days ago • coindesk.com

BIS warns cryptocurrency exchanges are becoming ‘shadow banks,’ and why that's a risk

The Bank for International Settlements (BIS) released a report warning stablecoin yields and other DeFi “earn” products are bank-like services without the safeguards or insurance.

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