đđ Bank for International Settlements (BIS) reveals Project Atlas, a proof-of-concept decentralized finance data platform, which could underpin future #crypto regulations! Working with Dutch & German central banks, they've mapped significant off-chain international flows between exchanges.đ±
đ Central bankers aim to better understand risks in often elusive markets. With recent crises like FTX exchange collapse, the need for regulation is clear. BIS warns that crypto data can be "manipulated or distorted," citing up to 70% wash trading on some exchanges.đ
đŹ What do you think about Project Atlas? Will it help bring transparency and regulation to the crypto market? Share your thoughts in the comments!đ
