BIS Report: Crypto as a Shadow Banking System
- Tokenization Insight
- Apr 24
- 3 min read
Updated: Jun 8
The Bank for International Settlements (BIS) has released a groundbreaking report. It claims that crypto platforms operate as a shadow banking system. These exchanges replicate core banking and capital market functions but lack essential regulation, transparency, and safeguards.
Key Takeaways from the BIS Report
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