Cointelegraph: BIS and EU Central Banks Collaborate on Data Platform for Monitoring Crypto and DeFi Transactions

The Bank for International Settlements (BIS) and central banks in the European Union (EU) are collaborating to develop a data platform that will monitor the movement of cryptocurrencies and decentralized finance (DeFi) transactions. This initiative aims to enhance regulatory oversight and address potential risks associated with these emerging technologies. By creating a comprehensive system for tracking crypto and DeFi flows, the BIS and EU central banks seek to ensure the stability and integrity of the financial system. This joint effort reflects the growing recognition among global financial institutions of the need to adapt to the evolving landscape of digital assets and decentralized financial activities.

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