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This is the ‘beginning of the end' for banks, warns top industry expert
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This is the ‘beginning of the end' for banks, warns top industry expert
Franklin Templeton’s head of digital assets and industry advisory services, Sandy Kaul, has warned that the recent regulatory shifts in the cryptocurrency market could mark the start of the decline of traditional banking. Kaul pointed to the passage of the Genius Act and the Commodity Futures Trading Commission’s (CFTC) move to allow stablecoins to be used as collateral for listed derivative trades. This decision effectively ushers stablecoins …
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