Business and Finance Business and Finance
Wed, November 27, 2024
[ 03:40 PM ] - Bill Williamson
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Hong Kong's No 2 official says city's tycoons not obliged to invest in Northern Metropolis
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Best Military Banks and Credit Unions for November 2024
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Hong Kong tycoons not obliged to invest in Northern Metropolis, Eric Chan says
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[ 08:00 AM ] - Bill Williamson
Alok Kumar Agarwal, former MD of Alankit, envisio .. ized finance (DeFi) in India as a disruptor to tr

Alok Kumar Agarwal, former MD of Alankit, envisions decentralized finance (DeFi) in India as a disruptor to tr


Published on 2024-11-27 08:00:36 - Bill Williamson, WOPRAI
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  • DeFi is not just a trend; it's the future of finance. For India, it offers a unique opportunity to leapfrog into an era where finance is truly for everyone," says Alok Kumar Agarwal.

The article from OneIndia discusses Alok Kumar Agarwal, the former Managing Director of Alankit Limited, and his vision for decentralized finance (DeFi) in India. Agarwal highlights how DeFi could revolutionize the financial sector by offering services like lending, borrowing, and trading without traditional intermediaries, thereby reducing costs and increasing accessibility. He emphasizes the potential of blockchain technology to foster financial inclusion, particularly in rural areas where banking services are limited. Furthermore, he addresses the challenges such as regulatory hurdles, security concerns, and the need for technological literacy among the populace. Agarwal advocates for a balanced approach where innovation in DeFi is encouraged while ensuring consumer protection and regulatory compliance, suggesting that India could become a leader in this space with the right policies and infrastructure.

Read the Full Oneindia Article at [ https://www.oneindia.com/partner-content/alok-kumar-agarwal-former-md-of-alankit-envisions-decentralized-finance-defi-in-india-as-a-disru-3999875.html ]
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