The Bank for International Settlements (BIS), a finance organization comprised of several central banks, has stated that while the objective of decentralized finance is to move control of financial tools away from current financial institutions, it just provides an ‘illusion’ of doing so. The organization argues that there is some kind of centralization around governance tokens and that this extends to proof-of-stake (PoS) consensus chains.
Bank for International Settlements Criticizes Decentralized Finance’s Raison D’etre
The Bank for International Settlements (BIS), a group of central banks, has addressed the rise of decentralized finance applications and their current impact on capital markets. The bank has criticized cryptocurrencies before, and now, in its latest quarterly review, the organization issued a report called “Defi risks and the decentralization illusion,” where it questions the ethos of the sector, and declares there is no real decentralization in it.
Th
We współpracy z: https://news.bitcoin.com/bank-for-international-settlements-states-true-decentralized-finance-is-an-illusion/
