🇺🇸 DeFi can complement centralized financial systems, says Christopher Waller of the Federal Reserve

Decentralized finance (DeFi) can complement, but not replace, centralized financial sectors, according to Christopher Waller, a Federal Reserve governor. He pointed out that financial intermediation will still be necessary, despite technological advances. Waller made these remarks at the 19th Annual Macroeconomics Workshop in Vienna, emphasizing that technological progress can drive efficiency gains in finance.

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