Traditional financial institutions are taking control of the cryptocurrency dialogue, overshadowing the original cypherpunk ideals. Arthur Azizov emphasizes that institutional investors, including banks and government entities, are key players in shaping today’s crypto landscape.
As regulatory clarity emerges, large banks are expected to launch their stablecoins, leveraging their existing clients. This trend raises concerns about potential friction with cypherpunks advocating for decentralization, as increased regulations may hinder the aspirations of a truly decentralized financial ecosystem.
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