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