Cryptocurrencies and Decentralised Finance (DeFi)

BIS Working Papers | No 1061 | 16 December 2022by Igor Makarov and Antoinette SchoarPDF full text (2,937kb) | 79 pagesSummaryFocus Historically, financial intermediaries have been the key nodes in the financial system that control the accuracy of customer accounts, perform bookkeeping functions and ensure that unauthorised persons do not have access to an account.

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