@rekt-tammy

There is a race going on between crypto and banking technology, quote from the Reserve Bank of Australia (ya’alls are law nerds, you can parse the bank speak): 👇 “The RBA’s oversight of international financial market infrastructures, including LCH SwapClear, CME, Clearstream Banking, Euroclear Bank, CLS and Swift. Many of these infrastructures are engaged in complex, multi-year transformation programs to modernise systems and enhance resilience. Members emphasised the importance of strong project governance, testing and migration strategies to support the ongoing safety and resilience of critical infrastructure. Members also discussed the risks associated with growing reliance by financial market infrastructures on a small number of critical third-party service providers.

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