Crypto growth poses risks to financial stability, favours the wealthy, BIS warns

The Bank for International Settlements (BIS) has issued a fresh warning about the risks posed by the growing adoption of cryptocurrencies and decentralized finance (DeFi), noting their potential to disrupt traditional finance and deepen economic inequality.In a report released on April 15, the BIS emphasized that the expansion of crypto markets and the influx of capital into DeFi have “reached a critical mass,” adding that investor protection has become a “significant concern