BIS Warns Crypto Exchanges Are Acting Like Shadow Banks

The Bank for International Settlements said the rapid evolution of cryptoasset service providers into financial intermediaries highlights the need for robust prudential frameworks. In a new Financial Stability Institute paper published on April 23, the BIS said the largest crypto firms now offer a broad mix of services that go well beyond basic trading and […] Read The Full Article BIS Warns Crypto Exchanges Are Acting Like Shadow Banks On Coin Edition.