Intermediary operations refer to the functions carried out by third-party entities that facilitate transactions or services between two or more primary parties. In conventional finance, these encompass banks, brokers, and payment processors. Within the digital asset space, centralized exchanges, custodians, and some decentralized finance platforms can serve as intermediaries. These operations frequently introduce a layer of trust and regulatory adherence.
Context
The function of intermediary operations in the digital asset sector is a subject of ongoing debate, particularly concerning the equilibrium between decentralization ideals and the practicalities of user accessibility and regulatory compliance. Discussions frequently address the hazards linked with centralized intermediaries, such as single points of failure and potential for censorship. Future developments will likely see increased regulatory scrutiny for these entities and a sustained push towards more decentralized alternatives that minimize reliance on trusted third parties.
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