Jane Hume, an Australian politician, spoke about Decentralized Finance (DeFi) on Monday at the Australian Financial Review Super & Wealth Summit in Sydney.
In her speech, she referenced the Reserve Bank of Australia (RBA) calling crypto a fad. And she emphasized that it most certainly is not. She further urged policymakers to cautiously embrace blockchain technology like DeFi rather than act fearfully – because it is not going away anytime soon.
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The Liberal Party Senator explained that DeFi would present incredible opportunities. And Australia must miss out on these opportunities for fear of the unknown.
DeFi Is Not Going Away
The Senator’s speech comes just days after Tony Richards, the Reserve Bank