The Bank of Russia has been observing the development of the DeFi decentralized financing market for the past few years.
The Ministry of Finance and the Central Bank are trying to develop a control mechanism for projects and investors. Its absence poses a threat to the stability of both cryptocurrency and traditional markets, the regulator believes.
The report “Decentralized Finance,” published on the Central Bank’s website, states that the DeFi market should be studied further. Particular attention should be paid to such areas as insurance, credit and digital asset management.