Congress must create legal clarity for decentralized #Blockchains

Banks are beginning to engage with decentralized finance. But until lawmakers create a foundation for allowing legally recognized entities like LLCs and nonprofits to govern these networks, adoption will be incomplete, writes Gergory Schneider.

https://www.americanbanker.com/opinion/congress-must-create-legal-clarity-for-decentralized-blockchains

#FinTech #FinServ #Banking #DLT

Congress must create legal clarity for decentralized blockchains

Banks are beginning to engage with decentralized financial infrastructure. But until lawmakers create a foundation for allowing legally recognized entities like LLCs and nonprofits to govern these networks, compliance burdens will hinder full adoption.

American Banker