Bankers & Regulators Not Keen on Public Blockchain Solutions
Regulators, banks and private blockchain consortiums aren’t particularly enthused about a public blockchain or distributed ledger providing the platform for banking or financial services, going by the common sentiment at an industry conference in London today. While they don’t want to go the way of bitcoin and other decentralized cryptocurrencies, the threat of the ‘uberification’ of financial industry still looms, making some insiders anxious. It’s still a waiting game for regulators who are yet to determine if fintech startups are innovating with open methodologies or a vetted model with....
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