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Banks Embrace Bitcoin’s Heart but Not Its Soul

By Tom Simonite

In the depths of the financial crisis in 2009, someone using the name Satoshi Nakamoto launched a digital currency called Bitcoin that he or she claimed could remove the need to rely on central or commercial banks. Six years later, financial institutions such as JP Morgan and Citigroup are taking on Nakamoto’s ideas – but ditching the parts of Bitcoin’s design intended to reduce their influence.

Read more on technologyreview.com.

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