Download or read book The Limits of DeFi for Financial Inclusion Lessons from ASEAN written by OECD and published by OECD Publishing. This book was released on 2024-03-14 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decentralised finance, including crypto-asset markets and DeFi protocol activity, has been promoted as a tool to support the democratisation of finance. This report presents quantitative evidence from ASEAN economies that participation in decentralised finance markets has been largely driven by speculative forces and a fear of missing out, rather than by practical use-cases that can promote financial inclusion.