The DeFi industry is unregulated, shuns centralised authorities and operates across borders. Illustration: Shutterstock
The DeFi industry is unregulated, shuns centralised authorities and operates across borders. Illustration: Shutterstock

Explainer |
Turmoil in global market for blockchain-based DeFi products leaves investors holding the bag

  • Decentralised finance platforms, which run on blockchain technology, remain unregulated in Hong Kong
  • The case of beleaguered cryptocurrency lender Celsius Network highlights the risks involved in high-yield DeFi products

The DeFi industry is unregulated, shuns centralised authorities and operates across borders. Illustration: Shutterstock
The DeFi industry is unregulated, shuns centralised authorities and operates across borders. Illustration: Shutterstock
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