While decentralized systems aim to bypass traditional structures, he argues that trust in intermediaries still resurfaces.
A Federal Reserve governor has questioned whether decentralized finance (defi) can truly eliminate the need for intermediaries, despite Bitcoin’s revolutionary promise. Could crypto ever be fully decentralized, or will it mirror traditional finance?
The potential regulatory challenges and the role of intermediaries in the evolving landscape of cryptocurrencies highlight the complexities of navigating this new financial frontier.
