Charles Hoskinson: The Crypto Sector Should Cut Ties With Banking Industry
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Charles Hoskinson, the founder of Cardano, has suggested that the digital currency market should become a fully-fledged and independent direction in the modern financial system, rather than being tied to the unstable banking sector.
The collapse of three major US banks, Silvergate Capital, Silicon Valley Bank, and Signature Bank, led to a tumultuous stock market and major losses for Bitcoin and altcoins and technology companies.
Hoskinson has urged the crypto industry to detach from the banking system, in order to become more viable and stable.
Furthermore, the Cardano founder has stated that the digitalization of treasury bonds will serve as a devastating blow to traditional banking.
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