The growing adoption of cryptocurrencies may pose risks to the traditional financial system and exacerbate wealth inequality, according to the Bank for International Settlements (BIS).
In an April 15 data-ct-non-breakable=”null” href=”https://www.bis.org/publ/bppdf/bispap156.htm” rel=”null” target=”null” text=”null” title=”https://www.bis.org/publ/bppdf/bispap156.htm”>report, the BIS warned that the data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/crypto-holders-triple-2026-lunu-ceo” rel=”null” target=”null” text=”null” title=”null”>number of investors and amount of capital in crypto and data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/defi-a-comprehensive-guide-to-decentralized-finance” rel=”” target=”_self” text=”null” title=”https://cointelegraph.com/learn/articles/defi-a-comprehensive-guide-to-decentralized-finance”>decentralized finance (DeFi) have “reached a critical mass,” with investor protection becoming a “significant concern for regulators.”
The size of the crypto market signals that authorities should be worried about the “stability of crypto over and above the…
