Banking crises and cryptocurrencies: the role of trust in finance - Agenda Digitale

▤ Summary

The article explains how banking crises can quickly erode trust and trigger bank runs. It contrasts traditional fractional-reserve banking with crypto self-custody, where users control assets directly through private keys. It also describes how wallets and blockchain networks enable transfers without banks or other intermediaries. The piece argues that crypto is not a full replacement for banking, but it may complement financial infrastructure during periods of stress. It closes by noting that regulation such as MiCAR and growing fintech adoption could push finance toward a more hybrid model.

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