Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: EAA-ALLAH on May 09, 2021, 11:46:13 PM
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A Bank of Japan (BoJ)-issued review has tackled the topic of decentralized finance (DeFi) – and has concluded that while certain “risks” are entailed with DeFi adoption, there could be some positive aspects to greater DeFi proliferation.
The review was published by the Bank of Japan’s Payment and Settlement Systems Department, which is in charge of payment policy development at the central bank. The review addressed issues such as yield farming, as well as the “emergence of autonomous financial services” and “the search for governance” in the DeFi sector.
The media outlet Internet Watch pointed out that one of the review’s authors, Junichiro Hatogai, translated the Andreas Antonopoulos-penned books Mastering Bitcoin and Mastering Ethereum into Japanese – calling the tomes “the global bibles of the blockchain industry.” The review’s co-author, Masashi Hojo, is in charge of Japan’s joint central bank digital currency (CBDC) project with the EU – named Project Stella.
The review focuses mainly on the issue of governance in the DeFi sector, as well as the greater Web 3.0 ecosystem. It concluded that DeFi adoption could “increase rapidly in Japan” and “create new financial services” that meet the needs of a new generation of users. Source (https://cryptonews.net/619744/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)