Are cryptocurrencies democratizing the financial world?
Could you elaborate on the potential of cryptocurrencies to democratize the financial world? Are there specific examples or trends that indicate this shift? How are cryptocurrencies breaking down barriers to entry for individuals and small businesses? What challenges remain that could hinder this democratization process? And how might regulators and policymakers respond to this evolving landscape? Understanding these dynamics is crucial for assessing the true impact of cryptocurrencies on the financial ecosystem.