In the meantime, the use of DLTs can provide significant benefits to financial intermediation, for example by reducing the time and costs, improving security and operating continuously. A challenge now for authorities and standard setters is striking a balance between protecting customers, financial stability, market integrity and favouring the adoption of useful, transformative technologies.
But the sobering chastising that the world has experienced in the current financial crisis, should stand us in good stead going forward provided all the lessons have been unforgettably learnt, imbibed, assimilated and completely internalized!