đ Banks on permissionless blockchains? Risks galore! But hey, zero-knowledge proofs to the rescue! đŠžââïž
1/ The Bank for International Settlements says banks face risks like money laundering & terrorism financing. Yikes! đ±
2/ But fear not! Tech like zero-knowledge proofs is in the works to save the day. đ ïž
3/ Basel Committee highlights risks from unknown third parties & political uncertainties. Time for new risk management strategies! đ§
4/ Disclosure framework for crypto exposure approved, effective 2026. The future is bright! đ
What do you think? Comment below! đ #DeFi #Web3