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Finance
Cryptocurrency Exchanges Pose Risk by Mimicking Banks without Safeguards
The Bank for International Settlements has issued a report highlighting that cryptocurrency exchanges are increasingly offering services similar to those of banks, including lending and yield products, but without the protections that traditional financial institutions provide. According to the report, what appears to be a high-yield savings product is actually an unsecured loan to a lightly regu…
April 23, 2026, 2:35 p.m.
Finance
Cryptocurrency Exchanges Pose Risk by Mimicking Banks, Warns BIS
According to a report released by the Bank for International Settlements, cryptocurrency exchanges are increasingly providing services akin to traditional banking, including lending and yield products, but without the same level of protection for users. The report highlights that what appears to be a high-yield savings option is, in fact, an unsecured loan to a lightly regulated entity. The crypt…
April 23, 2026, 2:35 p.m.
Finance
Cryptocurrency Exchanges Pose Risk by Mimicking Banks Without Safeguards
The Bank for International Settlements has issued a warning that cryptocurrency exchanges are increasingly providing services similar to those of traditional banks, such as lending and yield products, but without the corresponding safeguards. This development is concerning because these exchanges operate without the protective measures and insurance that conventional financial institutions offer.…
April 23, 2026, 2:35 p.m.
Finance
Cryptocurrency Exchanges Pose Risks by Mimicking Banks, BIS Warns
The Bank for International Settlements has issued a warning that cryptocurrency exchanges are increasingly offering services akin to traditional banking, such as lending and yield products, but without the corresponding protections. This shift has led to the emergence of 'multifunction cryptoasset intermediaries' that bundle services typically separated across banks, brokers, and exchanges. The r…
April 23, 2026, 2:35 p.m.
Finance
Cryptocurrency Exchanges Pose Risk as Unregulated 'Shadow Banks'
The Bank for International Settlements has released a report highlighting the growing trend of cryptocurrency exchanges offering banking-like services, including lending and yield products, without providing the necessary protection to users. According to the report, these services are essentially unsecured loans to lightly regulated 'shadow banks'. The crypto industry's major players have evolve…
April 23, 2026, 2:35 p.m.
Finance
Cryptocurrency Exchanges Pose Risk by Mimicking Banks Without Safeguards
The Bank for International Settlements has issued a report highlighting the risks associated with cryptocurrency exchanges that provide bank-like services, including lending and yield products, without the safeguards and insurance offered by traditional financial institutions. The report notes that these exchanges have evolved into multifaceted platforms, bundling services typically separated acr…
April 23, 2026, 2:35 p.m.
Finance
Cryptocurrency Exchanges Pose Risk as Unregulated 'Shadow Banks'
The Bank for International Settlements has issued a warning that cryptocurrency exchanges are increasingly offering services similar to those of traditional banks, including lending and yield products, but without the same level of protection for users. According to the report, these exchanges have evolved into complex financial institutions, providing a range of services that would typically be …
April 23, 2026, 2:35 p.m.
Finance
BIS Sounds Alarm on Cryptocurrency Exchanges Morphing into Unregulated Banks
The Bank for International Settlements has issued a warning that cryptocurrency exchanges are increasingly offering services akin to traditional banking, such as lending and yield products, but without providing the same level of protection as conventional financial institutions. According to the report, what appears to be a high-yield savings product is, in reality, an unsecured loan to a lightl…
April 23, 2026, 2:35 p.m.
Finance
Blockchain Capital Aims to Secure $700 Million for Latest Venture Funds
According to a recent report by Bloomberg, Blockchain Capital, a prominent cryptocurrency venture capital company, is seeking to raise $700 million for the launch of two new funds. The funds in question include the company's seventh early-stage fund and its second growth fund, which are anticipated to be finalized over the course of the next five to six months, as indicated by a source familiar…
April 23, 2026, 9:59 a.m.
Finance
Blockchain Capital Seeks $700 Million for Latest Funding Round
Blockchain Capital, a prominent cryptocurrency venture capital firm, is in the process of raising $700 million for the launch of two new funds, as reported by Bloomberg on Thursday. The firm, headquartered in San Francisco, aims to complete the fundraising for its seventh early-stage fund and second growth fund within the next five to six months, according to a source familiar with the matter. De…
April 23, 2026, 9:59 a.m.