Furthermore, a recent incident involving one of Hong Kong’s top conveyancing law firms resulted in their bank accounts being frozen, leaving over 10,000 clients at risk of default on home loans and breach of their sale and purchase agreements.
(Full news: https://www.scmp.com/news/hong-kong/law-and-crime/article/3115304/10000-clients-affected-hong-kong-law-society-shuts)
Due to all these circumstances, the new generation gravitates toward Decentralised Finance (DeFi) over Traditional Finance, which is more efficient, permissionless, secured, fast and borderless. In this episode, we will drill into how DeFi works and the potential of it replacing the banks.
#TraditionalFinance #Cryptocurrency #DecentralisedFinance
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I’m not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
