Regulatory risks grow for DeFi as a 'money laundering haven'

Cointelegraph

Published Sep 15, 2020 09:58PM ET

Updated Sep 15, 2020 11:40PM ET

The rapid growth in decentralized finance and yield farming is likely to attract greater regulatory attention according to a recent report.

A joint research paper by global management consulting firm BCG Platinion and Crypto.com has indicated that the rapid growth in DeFi in 2020 has created the potential for money laundering which will bring it under the radar of regulatory authorities.

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