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Study: Traditional Banks Can Reshape the Cryptocurrency Market (and May Kill It)
If banks would issue digital currencies of their own, it could “reshape” the entire crypto-market by adding more competition, a new study by the European Parliament Committee of the European Union (EU) has found. The downside, however, is that banks could also thus suppress and crush their decentralized cryptocurrency competitors. The study, labeled “Competition issues in the Area of Financial Technology (FinTech),” analyzes the current FinTech industry based on new start-ups, traditional financial institutions and…
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