A comprehensive study by the Bank for International Settlements (BIS) underscores a growing trend among cryptocurrency exchanges that are diversifying their offerings to include banking-like services. However, unlike traditional financial institutions, these platforms generally operate without the usual protections, posing significant financial risks to users.
Continue Reading:Crypto Platforms Mimic Banks but Lack Crucial Safety Measures, Warns BIS
Source: https://en.bitcoinhaber.net/crypto-platforms-mimic-banks-but-lack-crucial-safety-measures-warns-bis
