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Is DeFi financial freedom or national security threat?
Decentralised finance is transforming the financial system by replacing traditional intermediaries with blockchain networks, smart contracts and permissionless protocols. Services such as lending, savings, payments and insurance are now available to anyone with a smartphone and internet connection. By 2023, DeFi adoption surpassed 6.5m wallets worldwide, reflecting its borderless reach. For developing economies, this is particularly significant. The World Bank once estimated that 1.4bn adults remain unbanked, most in low-income regions. With remittance costs averaging 6.3% through traditional channels, compared to ... (full story)