Lux Thiagarajah argues that decentralized technology is not displacing banks but “re-platforming” them. According to him, regulated entities will remain essential because governments will not outsource prudential oversight to permissionless systems. From Revolution to Infrastructure For years, the promise of blockchain in finance was draped in the language of revolution. The world was repeatedly told […]
Source: https://news.bitcoin.com/openpayds-lux-thiagarajah-decentralization-is-an-evolutionary-layer-not-a-replacement/
