They are doing so by finally raising the alarm that cryptocurrencies and decentralized finance (DeFi) are likely to exacerbate wealth inequality. Perhaps most importantly, the report notes that the structure of the crypto market and its speculative nature are likely to heavily benefit larger investors. This state of affairs would...
We've all heard the siren song: crypto is going to democratize finance, tear down the ivory towers of Wall Street, and put the power back in the hands of the people. Let’s take a step back and look behind the curtain to see what’s really going on. The reality is,...
Tell us which of these innovations you’re most excited about… Isn’t it maddening to watch how legacy financial systems continuously underestimate the power of Southeast Asian SMEs?… They are the backbone of the region’s economy. Instead, they’re usually bogged down by inconvenient things such as bureaucracy, exorbitant percentage transaction fees,...
