RE: Brexit - Frankfurt to become the New London?

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Brexit - Frankfurt to become the New London?

in brexit •  6 years ago  (edited)

No, Frankfurt will not become the New London - irrespective of the Brexit. The reason is simple: The golden era of banking lies in the past. The Internet and now decentralized networks and cryptocurrencies will greatly reduce the importance of classic world financial cities.

In my opinion this is a good thing.

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true but the traditional industries still try to protect their stuff by lobbying

Yes, it will buy them some time, but will not prevent the transformation.