Australian Senator Hume: Tread DeFi with caution, not fear - Aliens: AI Crypto News & Markets Updates






Australian Senator Hume: Tread DeFi with caution, not fear


Mon, Nov 22, 2021


Senator Hume spoke at the Australian Financial Review Super & Wealth Summit in Sydney on Monday, where she called on industry and government leaders to recognize the realities of DeFi.

According to Hume, DeFi is “not a fad”, and leaders must “tread cautiously, but not fearfully” because the technology is “not going away any time soon.”

“If the last 20 or 30 years have taught us anything, it’s that all innovation begins as disruption and ends as a household name,” she said.

Hume added, “Decentralized finance underpinned by blockchain technology will present incredible opportunities. Australia mustn’t be left behind by fear of the unknown.”

She also made mention of the Commonwealth Bank, which announced that its app will allow over 6.5 million users to trade 10 crypto assets. Among them are Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.

Source: Cointelegraph

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