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Can the crypto industry ever be regulated in the era of decentralised finance? The system – known as DeFi – allows people to engage in financial services such as borrowing, lending and investing without intermediaries such as banks. Representational image. | Philippe Lopez / AFP Photo As stock markets around the world struggle through the pandemic, Bitcoin has seen a steady rise in its price. The cryptocurrency is steadily climbing back towards its all-time high of $20,000 in 2017. While this growth can be partially explained by investors being spooked by stock markets during the pandemic and looking for better investments, it is also influenced by the new, but evolving, decentralised finance market, also known as DeFi. ....