DeFi platforms increase the pressure on banks: how will the regulators respond?

Decentralised Finance (DeFi) has certainly caught the attention of our readers with a number asking whether DeFi is “just another fad, or does it truly offer real innovation in the way some of the financial markets operate?”

DeFi what is it?

· DeFi uses Blockchain technology and removes the need for intermediaries such as banks, brokerages, exchanges, clearing houses, custodians etc, to enable financial transactions to take place.