* Our Parent Company Crypto Token is LIVE!!! *Flag Token

BIS Introduces DeFi Stack Reference (DSR) Model to Highlight the Technology’s Functionality and Risks

Date:

Share post:

The Bank for International Settlements (BIS) released a new working paper titled “The Technology of Decentralized Finance,” discussing DeFi as the new financial paradigm this week. It discusses the emergence of DeFi, which has seen rapid growth in recent years, and how it can interoperate with traditional finance.

Headquartered in Basel, Switzerland, BIS is an international financial institution that provides central banking services to its member banks and promotes global monetary and financial stability. It also acts as a clearinghouse for international payments.

According to the report, DeFi integrates technical, financial, and socio-economic complexity in an unprecedented way. It also states that this development could be neglected while DeFi was still a niche phenomenon without ties to the fiat system.

However, with the increasing integration of crypto assets with the traditional financial sector, BIS says novel methods are required to identify, investigate, and ultimately understand the risks associated with these developments. The scientific method embedded in a…

Read more…

Related articles

How to Build Tech and Career Skills for Web3 and Blockchain – Spiceworks News and Insights

How to Build Tech and Career Skills for Web3 and Blockchain  Spiceworks News and Insights Read more...

Flare and Uppercent Creating First NFT Marketplace for E-Learning

As stated in the partnership agreement, members on the Uppercent platform can sell, buy,...

Bitcoin Miner Argo Blockchain Loses CEO

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has...

Argo Blockchain plc's Peter Wall to step down as chief executive – Proactive Investors USA

Argo Blockchain plc's Peter Wall to step down as chief executive  Proactive Investors USA Read more...