Financial Stability Board to Study Governance and Risks of (DeFi)

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The Financial Stability Board (FSB) will examine how different jurisdictions’ decentralized financial operations should be governed. The group will also look into how to fill data gaps in monitoring and measuring how DeFi is connected to conventional financing. According to the FSB, neither the services that DeFi performs nor the dangers to which it is exposed significantly differ from those of traditional finance. Since then, the crypto markets have seen billions of dollars wiped away, leading to a series of collapses, including those of cryptocurrency exchange FTX, cryptocurrency lender Celsius Network, and token issuer Terra.

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The first non-fungible token (NFT) collection from GQ will be made available, giving owners access to products, live events, and a magazine subscription. A total of 1,661 NFTs from the works of artists Chuck Anderson, REO, Kelsey Niziolek, and Serwah Attafuah are included in the collection. CNN, a cable news network, debuted its NFT marketplace Vault in June 2021 then shut it down in October 2022, leading some members of the community to claim that the platform pulled a fast one.

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