Gemini cryptocurrency exchange logo seen on a Samsung Galaxy S9 Plus. Gemini said traditional financial regulations are not equipped to protect investors in decentralised finance, so new rules are needed. Photo: Shutterstock
Gemini cryptocurrency exchange logo seen on a Samsung Galaxy S9 Plus. Gemini said traditional financial regulations are not equipped to protect investors in decentralised finance, so new rules are needed. Photo: Shutterstock

Is the world ready for the lending risks from the rise of decentralised finance? Gemini says new rules are needed to ringfence DeFi risks

  • The cryptocurrency exchange said traditional rules are not equipped to protect investors in the fast-growing, US$247 billion decentralised finance industry
  • Blockchain-based DeFi is difficult to regulate because it is constantly transforming to stay ahead of regulators, says head of Hong Kong’s securities watchdog

Topic |   Banking & finance
Gemini cryptocurrency exchange logo seen on a Samsung Galaxy S9 Plus. Gemini said traditional financial regulations are not equipped to protect investors in decentralised finance, so new rules are needed. Photo: Shutterstock
Gemini cryptocurrency exchange logo seen on a Samsung Galaxy S9 Plus. Gemini said traditional financial regulations are not equipped to protect investors in decentralised finance, so new rules are needed. Photo: Shutterstock
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