₿ **BIS warns cryptocurrency exchanges are becoming ‘shadow banks,’ and why that's a risk**

The Bank for International Settlements (BIS) released a report warning stablecoin yields and other DeFi “earn” products are bank-like services without the safeguards or insurance.

🔗 https://www.coindesk.com/business/2026/04/23/bis-warns-cryptocurrency-exchanges-are-becoming-shadow-banks-and-why-that-s-a-risk

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