How does the Glass-Steagall Act impact the advantages and disadvantages of digital currencies?

1 answers

• Dec 18, 2021 · 3 years ago
  At BYDFi, we believe that the Glass-Steagall Act has had a limited impact on the advantages and disadvantages of digital currencies. While the Act's separation of commercial and investment banking activities may have some indirect effects on the digital currency ecosystem, the rapid growth and innovation in the industry have largely occurred outside of traditional banking institutions. Digital currencies have thrived in a decentralized and borderless environment, which has allowed for greater accessibility and financial inclusion. While it's important to consider the regulatory landscape, the advantages of digital currencies extend beyond the scope of the Glass-Steagall Act.
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