Is Complete Decentralization of Finance Realistic? Fed Governor Waller Says No

Quick Summary:

A Federal Reserve governor questioned whether decentralized finance (defi) can truly eliminate the need for intermediaries, despite bitcoin’s revolutionary promise.

While decentralized systems aim to bypass traditional structures, he argues that trust in intermediaries still resurfaces.

Could crypto ever be fully decentralized, or will it mirror traditional finance?

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Article Details

Author / Journalist: Kevin Helms

Category: Crypto

Markets: Japan

Topics: Digital Assets Christopher Waller DeFi Stablecoins Crypto assets Crypto exchanges Decentralized finance Defi

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 23:30:19 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Article Length: 6 words

Reading Time: 1 minutes read

Sentences: 1 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 23122903

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 21 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 8 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #62

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