The crypto-banking crossover: making banks riskier or crypto safer?
The Paypers has dived into the wider trend of convergence between crypto and traditional finance, exploring financial institutions’ plans, regulatory challenges, and how stablecoins could be the key to a unified financial ecosystem.
From their inception as a relatively niche technological development, crypto and DeFi products have come to play a significant role in the financial ecosystem. Their recent rise in popularity begs an important question about their potential. Across countries, higher innovation capacity, more advanced economic development, and greater financial inclusion are associated with a higher likelihood of banks taking on cryptocurrency operations.
The US Congress can continue to allow bank regulators to…
