Crypto exchange Gemini says DeFi lending risks require new rules to protect investors

Source: Tech – South China Morning PostRegulators should reach an agreement on how to define activities in the US$247 billion industry of decentralised finance, or DeFi, as existing rules are ill-suited for safeguarding against risks stemming from such crypto-lending services, says New York-based crypto exchange Gemini.The comment followed the exchange’s launch of a lending programme in Hong Kong last month, which allows users to store and earn interest on 60 cryptocurrencies and stable coins. Gemini’s platform promises an…Read More

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