<story><title>Decentralised finance is booming, but it has yet to find its purpose</title><url>https://www.economist.com/the-world-ahead/2021/11/08/decentralised-finance-is-booming-but-it-has-yet-to-find-its-purpose</url></story><parent_chain><item><author>Havoc</author><text>The fact that UK banks are aggressively blocking anyone interacting with crypto has in a way pursuaded me that defi is necessary.&lt;p&gt;Banks telling us what we may or may not do with OUR hard earned cash is not OK.</text></item></parent_chain><comment><author>shafyy</author><text>Banks have been discriminating against certain behavior for a long long time.&lt;p&gt;For example, I had to close my Swiss bank account (I&amp;#x27;m Swiss) when I spent a lot of time in the US (no green card or residency there).&lt;p&gt;I&amp;#x27;m not out to defend traditional banks here, just saying that this is not something specific to crypto.</text></comment>
<story><title>Decentralised finance is booming, but it has yet to find its purpose</title><url>https://www.economist.com/the-world-ahead/2021/11/08/decentralised-finance-is-booming-but-it-has-yet-to-find-its-purpose</url></story><parent_chain><item><author>Havoc</author><text>The fact that UK banks are aggressively blocking anyone interacting with crypto has in a way pursuaded me that defi is necessary.&lt;p&gt;Banks telling us what we may or may not do with OUR hard earned cash is not OK.</text></item></parent_chain><comment><author>idlewords</author><text>Wait until you discover taxes (or they discover you)!</text></comment>