Will Banks Soon Be Obsolete? Russian Lawmaker Expects CBDCs, Blockchain Takeover

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The rise of Central Bank Digital Currencies (CBDCs) and blockchain technology is signaling a transformative era for the global banking sector. That’s according to Anatoly Aksakov, Chair of Russia’s parliamentary financial committee. “The traditional role they played will gradually fade away,” Aksakov remarked during the AiF.Media expert media club session, hinting at the diminishing significance of conventional banks in the face of these digital advancements. For those keen on understanding the broader implications of CBDCs on global finance, Benzinga’s Future of Digital Assets conference is a…

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