DeFi's Potential to Reshape Finance Gets Banks' Attention, But Regulation is Key for Mainstream Adoption
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DeFi offers financial services like lending and trading without central intermediaries, ensuring transparency. It can promote inclusion and reduce costs.
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DeFi growth potential has caught the attention of banks. Its decentralized structure eliminates overhead costs and intermediaries.
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Regulatory frameworks are crucial for DeFi to drive mainstream adoption, while ensuring stability and trust.
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Integration of identity solutions at the protocol level can enable KYC compliance while ensuring privacy.
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With potential for innovation and inclusion, DeFi could reshape global finance and be a major gainer in the next bull run.