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Distributed ledger tech could save TradFi $100B a year: Lobby group

A new report from the Global Financial Markets Association says regulators need to take distributed ledger technology more seriously. Around $100 billion a year or more could be saved if distributed ledger technology (DLT) was used in traditional markets, claims a new report from the Global Financial Markets Association (GFMA). In a May 16 report, the traditional finance sector lobby group, along with international consulting firm Boston Consulting Group (BCG) and others, asked both regulators and traditional financial institutions to take a more serious look at the upsides of the technology.


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