Cryptocurrency: What is DeFi, how does it work?


Cryptocurrency: What is DeFi, how does it work?

It's an umbrella term for the part of the crypto universe that is geared toward building a new, internet-native financial system, using blockchains to replace traditional intermediaries and trust mechanisms.

Inter-ministerial consultations have been completed on a draft cabinet note on proposed amendments. "We have incorporated the relevant suggestions and a final proposal will soon be put for final consideration and approval of the cabinet," the official said.


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