Coinbase CEO Says Major Global Banks View Cryptocurrencies as Existential Threat
Brian Armstrong, CEO of Coinbase, stated that leading banks worldwide regard digital assets as a potential fundamental challenge to their business models.
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Terms & Concepts
Cryptocurrency: A digital or virtual currency that uses cryptography for security and operates on decentralized networks like blockchain.
Blockchain: A distributed digital ledger that records transactions in a secure, transparent, and tamper-proof way.