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Tuesday

28 September 2021

ASTRA Brings Legal Assurance And Consumer Protection To DeFi And CBDCs Alike

ASTRA Brings Legal Assurance And Consumer Protection To DeFi And CBDCs Alike


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ASTRA Brings Legal Assurance And Consumer Protection To DeFi And CBDCs Alike.

Legal assurance and consumer protection are two crucial concepts in the financial world.

While central bank digital currencies get a lot of attention lately, the Astra Protocol team is working on a solution for cryptocurrency users. .

Governments and central banks globally want to explore the concept of creating central bank digital currencies.

Furthermore, it is worth noting that two countries have already given up on creating central bank digital currencies.

The focus on central bank digital currencies is not entirely surprising.

The one downside to cryptocurrencies – and decentralized finance – is how there is no legal assurance or consumer protection.

Central banks exploring digital currencies can benefit from the legal assurance and protection when building their CBDC infrastructure

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