Financial system inclusion refers to the broad and equitable access to essential financial services for all segments of a population. This encompasses services such as banking, credit, insurance, and investment opportunities. Digital assets and blockchain technology hold the potential to expand this access, particularly for underserved communities globally. It aims to reduce barriers to participation in the economic system.
Context
The potential of digital assets to advance financial system inclusion is a frequent theme in global economic and crypto news. Discussions often center on reducing transaction costs, enabling cross-border remittances, and providing access to credit for the unbanked. Future initiatives involve regulatory support for innovative blockchain-based financial services and the development of user-friendly digital identity solutions to onboard more individuals into the digital economy.
The SEC's universal ETP standard mandates the integration of digital assets into established financial compliance and custody frameworks, unlocking institutional access.
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