The primary pull of decentralized crypto assets is financial freedom from the flawed banking system Bitcoin is one step but without greater adoption it is still just a speculative vehicle DeFi and decentralized protocols based on banking are another and theyre gaining traction fast

Twentythree leading central banks participated in an indepth survey on their digital currency developments and requirements including fungibility convertibility and availability They also discussed the timeframe for issuing consumerready central bank digital currencies and divulged their greatest concerns about implementing them

Traditional financial word is longestablished it is strictly controlled by the government and its functions are divided amongst a number of players banks brokers stock markets auditors and investors

The primary pull of decentralized crypto assets is financial freedom from the flawed banking system Bitcoin is one step but without greater adoption it is still just a speculative vehicle DeFi and decentralized protocols based on banking are another and theyre gaining traction fast