BIS report warns crypto exchanges' rapid growth and lack of standardized rules leave users at risk
The Bank for International Settlements, owned by 63 central banks, says crypto exchanges offers bank-like yields and earn products but without the same safeguards or insurances.
The Bank for International Settlements, owned by 63 central banks, says crypto exchanges offers bank-like yields and earn products but without the same safeguards or insurances.
Source: https://www.coindesk.com/business/2026/04/23/bis-warns-cryptocurrency-exchanges-are-becoming-shadow-banks-and-why-that-s-a-risk