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Lawmakers are mulling plans to put the Philippines’ budget on-chain to curb corruption, but lawyers warn of centralization and privacy risks.
💡 DMK Insight
DMK Insight: The proposal to place the Philippines' budget on-chain reflects a growing trend towards transparency in government spending. However, the concerns raised by legal experts about potential centralization and privacy issues highlight the need for a balanced approach that safeguards citizens' data while promoting accountability. The outcome of this initiative could set a precedent for other nations considering similar measures.
📮 Takeaway
Investors should monitor developments in blockchain governance initiatives for potential market impacts.
