Bank of Canada Publishes Analytical Notes on DeFi

DeFi | Oct 19, 2023 The Bank of Canada staff released analytical notes on Decentralized Finance (DeFi) including the innovation, its potential, and challenges. The Rise of DeFi The cryptoasset industry has seen exponential growth, with the market value peaking at US$2.9 trillion in 2021. Initially, cryptoassets like Bitcoin were designed for decentralized payments using

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