- Mark Cuban warns banks that they should be scared of DeFi.
- Banks seem scared already as they cry for an outright ban on DeFi.
- Cuban revealed that he provides liquidity himself to QuickSwap Exchange.
Mark Cuban, the American billionaire entrepreneur, warns banks that they should be scared of decentralized finance (DeFi). Clearly, the Dallas Mavericks owner is very bullish on the future of DeFi.
On a blog post this Sunday, Cuban stated that ‘there are a lot of financial institutions that should be concerned’. He started his lengthy post saying he will make it simple and straightforward as much as he can.
Consequently, Banks are already scared as the financial regulators are busy answering the cries of banks for an outright ban on DeFi. Thus, CFTC Commissioner Dan Berkovitz called for a crackdown on DeFi platforms.
According to Cuban’s post,
Yes, every single...This article was first published on coinquora.com