Delicia Hand, Cleve Mesidor on Rethinking Consumer Protection Paradigm
Barefoot Innovation Podcast
00:00
Are We Going to Let People Own Cryptocurrency?
There is a lot of sort of paternalistic thinking all the way, you know, for decades and decades and consumer protection that we need to protect people from themselves because in finance, they might make bad decisions. It should really be about empowerment. We have to empower people with their tools for understanding. How do you prepare that? And let's be honest, right. Technology is criticized because innovation doesn't solve problems, but neither does policy neither does government people do right. So we have to empowering people with the policies and the tools to make decisions. There's not one star there's not a one definition of financial inclusion - different communities experience that differently.
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