
Re: "only banks and other registered financial institutions"
The hidden value is in the "real" investors money that they can consume in their R&D into digital exchange mechanisms.
Yes it doesn't matter what the currency is when you stick your card into the ATM, I can use my Debit Card all around the world, (except Russia at the mo) and get the relevent cash or make a purchase.
The only reason for this malarchy is the extra grime they can sqeeze into their coffers for just thinking about crypto or digital anything.
The fact that they haven't got a clue, should be glaringly obvious to anyone capable of reading the Register and comprehending the actual exponential number of way things will go wrong - 'cos no one at the top knows what the fuck is going on ........... Wahey
ALF